I noted that recently Bitcoin had made several swings making lower highs and higher lows. That is a solid sign of some consolidation. Bitcoin has been accumulating energy and is nearing a point where it will release that energy with a strong directional move as a squeezed spring. I can count that consolidation as subwave (b) down shaped as an a-b-c-d-e triangle structure that looks having completed That count allows bulls to produce a rally in subwave (c) up targeting over 50,000
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