Bitcoin BTC
A possible first wave is in the making as we are seeing the latest rising wedge pattern as the possible leading first wave diagonal.
Usually the first wave will be very volatile and has chance to reach anywhere between the 38.2% to 78.6% fibonacci retracement level.
But if we find the confluent with the psychological area, we really need to watch the area between $52k to $50k region.
The crucial area may or may not be touched but once again it'll depend on the market sentiment in the near future.
If the price doesn't even touch again this $52k - $50k area and break above the $58k prematurely, I can make sure that the rally will be ultimately bullish.
