Due to Bitcoin's impulsive rise in the past few hours, we now believe that the low of wave (iv) in turquoise has already been established. The next step should be a sustained move above the resistance at $46 008. Nevertheless, our Target Zone between $40 323 and $33 374 remains on the chart. Bitcoin will still work through this Zone if it opts for our new alternative (27%). In this scenario, it would only have completed the corrective wave alt. (B) with the most recent rise and would now complete the wave alt. (iv) in turquoise into our described Zone.
