Bitcoin: Elliott Wave

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 Bitcoin 4 hour chart

Analysis

From last many times I was of the opinion that Bitcoin will reach towards $28000 followed by $33000-33200 levels.

Prices reached my first target and it is very much likely it will achieve my second target of $33000-33200 levels over the time.

As of now it is consolidating in the range of $28760-26700 levels. Prices are likely to remain in this range but if it moves above $28760 then there can be resumption of uptrend which can soar prices towards $33000-33200 levels. The target of inverse hand and shoulder pattern comes to $35000. 

From waves perspective, prices are moving in wave iii and can move higher towards $33000-33200 levels.

The summation is Bitcoin is positively poised and can reach to $33000. Any dip can be utilised as a buying opportunity.

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