Bitcoin has made new all time high.
Resistance 29474 and 32013
the current wave can be c or 3 wave which has reach its 2.382 extension @29474.
the entire trend gained momentum after breakout of yellow trend line which has made a potential parallel channel
the upper red line of channel and 2.618 fib extensions @32013 together can top if current level got broken.
C corrective wave and 3rd impulsive wave both followed by correction .
38% and 61% retracement of this wave is now at the white horizontal support. If correction takes several weeks of 2021 than end of 4th wave can easily retest 38% retracement, parallel channel lower trend line and all time high of 2017..
Resistance 29474 and 32013
the current wave can be c or 3 wave which has reach its 2.382 extension @29474.
the entire trend gained momentum after breakout of yellow trend line which has made a potential parallel channel
the upper red line of channel and 2.618 fib extensions @32013 together can top if current level got broken.
C corrective wave and 3rd impulsive wave both followed by correction .
38% and 61% retracement of this wave is now at the white horizontal support. If correction takes several weeks of 2021 than end of 4th wave can easily retest 38% retracement, parallel channel lower trend line and all time high of 2017..
