As promised in our previous post, here is the long-term view of Bitcoin which is currently sustaining and trading above the $55,000 mark indicating buyers may be holding on to their positions and expecting higher prices in the short-term. If the uptrend is to resume and the Bulls push the price above $60,000 then a retest of the all-time high at around $64,800 seems imminent. However, a larger AB=CD currently seems to be in play as well, which (if it plays out) will take the price to around $90,000 which might seem too good to be true right now, but is definitely on the cards if you know how to read them 😉
Bullish 🚀