Bitcoin should hold the price above 30K$ in order to remain on the bullish wave
@Mendenmein_Capital：
Massive breakout from the triangle... The door for prices above 34'000$ and 35'000$ is now open, bitcoin should hold the price above 30K$ in order to remain on the bullish wave (iii) scenario. As of now, we remain on our expectation that bitcoin should continue its wave (iii) until the target at approximately 35’000$ is reached. If we’re lucky, the triangle is a simple pit stop on the way to the orange 1.618 extension at 35’436$. Due to the irrational and unpredictable behavior of triangles, I can’t make further estimations on how this breakout will play out. Long Bitcoin (BTCUSD) AVERAGE EXECUTION PRICE: 20’714.20$ STOP-LOSS: NONE LONGTERM TARET: +120’000$
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