$BTC 5.25 Bitcoin Market Analysis
Bitcoin has two possible subsequent trends, both of which are bullish:
1. An upward five-wave structure, with a target above 85,000.
2. A three-sawtooth structure, bullish above 100,000.
Currently, it has fallen back to 66,000, the position of the Fibonacci 50% retracement, and it may reach 618, or around 64,800. If the rebound cannot rise directly, it may fall back again, which is an opportunity to add long positions.
If you miss the Bitcoin below 60,000, the 66,000 to 64,000 range may be one of the few opportunities to enter long positions again this year.
