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Btcusd 2022 08 05 14 32 23

If the bottom in wave (ii) has put, then bitcoin should sharply move higher in wave (iii) of ((iii)), critical support at 20709.26, key level at 22402.03

Btcusd 2022 08 05 14 11 58

Bottom Line: Higher in wave (A) of ((B))

wave ((B)) is underway, currently Bitcoin is developing wave A of it, we expect a sharp move higher in wave ((iii)) of 3 of (A)

Btcusd 2022 08 05 13 32 17

As we mentioned in the monthly range, Bitcoin is correcting in wave IV, The first side of wave IV ended at 17585.31, We expect the price to rally in 3 waves in wave ((B)).

Btcusd 2022 08 05 13 17 14

Bitcoin is correcting in wave IV, We expect the price to reach near the prior fourth wave of primary degree.