Bitcoin remains in consolidation within a strong descending broadening wedge, recently reaching the wedge bottom as corrective wave leg E completed.
This signals the potential for a massive impulsive move, making the current buy-back zone ideal for re-accumulation if the opportunity arises. A strong reaction is expected at the external supply zone, but we anticipate a breakout.
Previous analysis has shown how well price has adhered to this pattern. The road map show it all clearly.
Let us know if you're feeling bullish or bearish about this setup.
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The wedge formation continues guys do not sell your Bitcoin cheap. Gold broke this setup and went for massive rally, BTC will do same.
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The volatility will be huge when price break above the accumulation zone.
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Patience game, price making a progress slowly.
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Price approaches external demand zone, we should watch the price reaction here closely.
Nota
Price finally breaks above the main pattern, and we are expecting further rise to complete the wave leg 5.
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