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April 16, 2026
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Bulls have a setup to drive Bitcoin over 50,000

Bulls have a setup to drive Bitcoin over 50,000

Bulls have a setup to drive Bitcoin over 50,000

Bulls have a setup to drive Bitcoin over 50,000

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
CastAwayTrader


Bulls have a setup to drive Bitcoin over 50,000

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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