Bitcoin/ USD (BITUSD)

From the chart, it is clear that we are in wave (3) of a major degree and currently in wave 1 of wave (3). I believe wave 1 may conclude near the 100% or 123.6% levels, which are marked on the chart. As it has already breached the 61.8% level, it looks likely to cover the range of 100% to 123.6% in general. Then, we may see a retracement for wave 2 of a minor degree within wave 3 of the major degree.

Disclaimer: This analysis is for educational purposes only and does not constitute a buy or sell recommendation.
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