Bitcoin price pushed higher in a small advancing wave today, Although the price wave resembles the initial stages of advance, there is not yet high confidence that the push higher will continue.
Today’s upside wave has been conflicted – lots of buying and selling – and with no meaningful progress. What is interesting about the current price wave is that it formed a rounded wave that resembles the “bump” we witness before a surging upside wave. Yet, the surge has not materialized. What is going to happen very soon.