Below 73881.4 we are looking to the downside to unfold wave ((4)) of wave 3. Possible targets 0.382 fib retracements also key level previous wave (4) 59112 zone.
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Bitcoin must stay above 68416.26 and clear 71726.51 to continue its move to the upside. Clearing 68416.26 we will favor a Y or C wave to the downside
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Further, rangebound price action may hint that wave ((iv)) takes the form of a triangle. If so, the remaining subdivisions will unfold above 60761.07 and below 71726.51
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Updated wave ((4)) triangle as the price keeps 60761.07 level
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The 3 waves rally from 60788 to 66883 is evidence to suggest an impulse lower will unfold in wave V
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Watching for evidences wave (c) an ending diagonal have ended at 59644. Above 59644. and clearing 64101 we will look to the upside for wave ((5)).
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Watching for evidences wave ((iv)) a complex correction ended 56537.33. Above 56537.33 and clearing 64699.48 also middle line of decelerating channel we are looking to the upside for wave ((v)) of wave 3
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Above 56537.33 and clearing 63451.11 we are looking to the upside for wave ((v)) of wave 3.
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Wave (iii) possible target 1.618 fib extension of wave (i) = 76374.14.