Watch the bitcoin chart in the coming hours to see whether or not price finds support and bounces higher. A surge into an advancing trend was expected – and all the indications were confirmatory – but the irregular base wave formation leaves such an outlook in doubt. The price pattern of the current push higher does not differ from previous corrective waves to the upside. Accordingly, if price is not currently in a wave of advance, then the push higher is merely a correction prior to a full retracement, at least, and a larger wave of decline at worst.
https://www.cryptocoinsnews.com/bitcoin-price-hovering-after-mini-surge/
