Elliott Wave Analysis: Bitcoin Looks Higher Towards All Time High Prices

Crypto market remains up and looking at the Crypto total market cap, there's room for more upside, just be aware of a new higher high. 

Bitcoin remains under strong bullish pressure and looks like there is room for more gains that can send the price back above all-time highs within a five-wave cycle. Currently we are still tracking wave "v" of 3 in the 4-hour chart, so after a pullback in wave 4 we may see another push to the upside for wave 5. Support is between 58k-54k. Invalidation level remains at 50k.

Bitcoin 4h Elliott Wave Analysis

(BTCUSD)