BTC wave 4 starting, next target 25K

14 apr 2023

BTC has started a solid bullish trend, but got into resistance zone around 30k, which could lead to a retracement and wave 4 to around 25k. If we add to that the fact that the CME BTC future contract expired today and that the bulls were buying at spot to close the price above $30.500 that could lead to a potencial take profits and a nice Friday last minute sell off. Also we pay attention the descending volume since we started the wave 3 and the fact that the first wave had a retracement of 22%, wouldn't be crazy for BTC to have another one similar around 18%. NFA