This a Technical Analysis
chart on 4 Hour timeframe. It has completed impulse wave 1 and 2. Wave 3 which is usually the longest and strongest wave is just started. Based on the Fib level expected target is somewhere around 5700 to 5800 Satoshis (Taking this a bit on lower side) See the corresponding Fib level as well. Wave 4 retracement may be around 5000 Satoshis.
is showing bullish
momentum with higher lows. Please see the red trendline
. Please also see how 55 EMA
has just started providing support (Blue Line)
This is purely for educational purposes.