Elliott Wave Analysis: 11800 Region In View For BTCUSD! (Be Careful)

Hello traders!

Bitcoin is breaking into a new high for the final wave (v) of v of 3, so upside can be limited, especially because of a break out of a triangle. However, there is still some room for 11800 level, but be also aware of an earlier decline.

Sharp and impulsive decline back below 10k region would be definitely a signal for a top in place.

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BTCUSD, 1h

intra, btcusd