The pattern shown, with a target as high as 130,189, is good enough for government work even though I’ve settled on an indistinct point ‘A’ low that could muddy the D target. Regardless, as I’ve mentioned before, the midpoint pivot is a reliable telltale even when it is embedded in a dubious or too-obvious pattern. It lies at 102,305 here, and so we’ll make that our minimum upside objective for the near term. A decisive push through it on first contact would, of course, shorten the odds of a follow-through to at least p2=116,247, or 130,189 if any higher.
BTCUSD – Bitcoin (Last:95.077)
