On the approach to 11000 we wrote about the strengthening of the growing trend.
Yesterday's rise from 11,700 to 14,400 on impressive volumes looks like a sign of the final capitulation of the bears.
So the second (usually the last) increase in the growing trend.
Now, instead of correction, we stop.
How can I orient myself? Where will the next stop (and maybe the top) of this flight into space be on the dollar fuel?
Observing the cryptocurrencies, we noticed their tendency to multiple wave growth. Bitcoin is not an exception.
On the chart you can see these waves: 4000-8000, 5500-11000
The next wave began with 10,000 (9,000 if we take into account intraday fluctuations)
It began hastily, without proper correction. But it began. This is the reality of the present moment.
Proceeding from the above logic, the next stop (possibly the top) is 20,000 (18,000-22,000 taking into account the increased volatility.
Afte that point, we are expecting the beginning of trading futures for Bitcoin.
It will be interesting. Even more interesting than a flight of a rocket taking off in the sky in front of an amazed audience
Recommendation: buy with a target of 20000
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