Bitcoin is in the third wave of a cycle which is started form March 2020.
But if we consider the last impulse wave which started from Sep 2020, it seems that the third and forth wave has been finished and the new impulse is expected.
(the ending point of the forth wave can be easily fined by the help of retracement and extension fibonacci and also EMA50 which is shown with blue box)
Therefore, 4h and daily chart are shown that BTC is started a new wave with short time and long time targets.
But if we consider the last impulse wave which started from Sep 2020, it seems that the third and forth wave has been finished and the new impulse is expected.
(the ending point of the forth wave can be easily fined by the help of retracement and extension fibonacci and also EMA50 which is shown with blue box)
Therefore, 4h and daily chart are shown that BTC is started a new wave with short time and long time targets.