Bitcoin has been gaining lots of positive momentum, especially from news about the ETF. If you look on the WEEKLY chart (I will publish below) you can see our MACD has crossed and momentum is shifting NORTH on the large scale. STOCH RSI has also shifted north on this large time frame. SO the next bull run could be starting now. I see the Waves on this chart as being completed. I believe wave one from 5800 to 6800, then down to 600 completed wave 2. SINCE it was a deep correction, we can anticipate wave wave 4 as a shallow correction. So our 5% correction should do just fine for that. Now we ran into resistance around the 8500 mark now we're retracing down the fibo lines. So if we hit the golden pocket between 50% and 61.8% it should complete our wave 1 and 2 on a larger timeframe, giving way for our next bull run (wave 3).
