In accordance with our primary scenario, Bitcoin has climbed higher into the orange zone between $30460 and $34790. Now, we expect it to rise a bit more still to finish wave iv in orange. Afterwards, Bitcoin should turn around and move downwards, falling below the support at $26591 and into the magenta zone between $24055 and $18897 to complete wave v in orange and in magenta. There is a 35% chance, though, that Bitcoin could gain momentum and soar above the orange zone, crossing the resistance at $40809 in the process.
