Bitcoin bitcoin bitcoin..... proving to be difficult to analyze as your are to mine.
Bitcoin price retested below our old 61.8 App / 61.8 ER area on Tuesday's gap open @39162.10 and has since resisted the need to retest the Daily Bearish Trendline.
As stated in my previous analysis, it is believed that we now have a truncated W:e or 5th wave low @31084.40.
Should price continue to the upside and break above the 200 DSMA @40452.05 at the time of this writing, it would be logical to expect a continuation to the upside and head for the next target area of Old Highs above 42000.00. As the current leg grows in size we remain with a somewhat Bearish Bias. Should price break above the Old Highs @42459.55 and remain, a change of Bias would be considered.