The Long Investor

$BTC TOP 20

Added 2025-04-20 10:42:14 +0000 UTC

$BTC is now at an interesting point, price has tested the upper limits of the bullish channel, holding above the 50 Day MA and still below the 200 Day MA.

It is getting tight in this area too so a direction must be taken soon, a pull back to the small white fibs for a higher low does not mean it is not bullish in the short term, it is just a retest of a higher support level and $79.5k looks very attractive here.

The dominant count here is the Wave B count and with the market showing weakness, I give a small percentage chance that this breaks out to a higher high to $123k before its ABC correction.

So far, Wave A has been very accurate here, Wave B looks next for me to confirm.