![Bitcoin and hundred dollar bills via Shutterstock](https://media.barchart.com/contributors-admin/common-images/images/Crypto/Bitcoin%20and%20hundred%20dollar%20bills%20via%20Shutterstock.jpg)
BTCUSD is coming and moving nicely higher as expected, after Donald Trump won US elections, so coin remains in a strong bullish five-wave impulse. Well, notice that price now finally broke higher, out of a recent fourth wave consolidation and is now seen in subwave five of an extended thrid wave which can slow down here around 100k. So there is a chance that there will be some back-and-forth moves in that very important big area that may not be broken that easily. But it may happen after the next fourth wave retracement, which should not be a surprise when it shows up since current break is out of a fourth wave triangle. Support on dips is at 85-90k
Also, with $MSTR in a retracement, it may not be easy for BTC to break above 100k, yet.
For more analysis visit us at www.wavetraders.com
![](https://barchart-news-media-prod.aws.barchart.com/IF/4c9cf06f73dbb58a390df09e83f575ce/azsmxpls4gutbjlr.png)
![](https://barchart-news-media-prod.aws.barchart.com/IF/4c9cf06f73dbb58a390df09e83f575ce/exxc1vbao9cqwep5.png)
On the date of publication, Gregor Horvat did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.