The price of Bitcoin has been increasing since last week and has come up from $7550 at its lowest point on Thursday, to $8892 at its highest point made yesterday which is an increase of around 18%.
Looking at the hourly chart, you can see that the price of Bitcoin was still inside the territory of the symmetrical triangle made by the corrective 4th wave, last week. As the correction developed fully, establishing support again on the triangles support level another and the final wave has started to develop. This final ending wave of the Minute count and with the 5th wave from the higher degree Minor count. As it hasn’t developed fully another increase would be expected but only as a minor once, potentially reaching $9400 before its completion.
[url=https://blog.fxopen.com/btc-usd-and-xrp-usd-another-minor-increase-before-a-downturn-expected/]Read more on FXOpen...[/url]