As expected, bitcoin has made one more high and got close to the first target of 4,500.
It can stop here and start a corrective wave b down. But it would be so much better if it could at least briefly violate a very strong and important resistance of 4,500.
Such a break even on a temporary basis be a great sign that the bottom is in.
The ultimate goal for us is to wait a corrective wave b down to make a HIGHER LOW drawing an inverted head and shoulders formation.
That would be a great entry point for the coming rally in wave c off the low.
That rally may stretch to 6,500