Bitcoin entered the E wave correction after rising upto 10,000.
Although it had a complex and triple three combination in place, but after touching 50% and 61% Fibonacci; we had a good return as expected and Descending trend has also broken.
This region can be the end of the E and a start for the bullish rally, but must also be able to cross the major resistance levels.
8800 resistance level and B-D trend around 9300 region are the major resistance areas on the way.
By crossing 8800 and breaking through the B-D trend, it will be possible to say that the triangular correction has been completed, and this bullish trend can touch higher targets at and above 12K.
This chart is at 4H Time-Frame and now we have reviewed the overall movement of Bitcoin.
In the following, the lower Time-Frame chart will be put up ...
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Possible Scenario
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