The bitcoin chart is in our opinion supported, as long as the market stays above $2945.52, bitcoin should make new highs again. We are calling the daily correction completed. In the more shorter time frame it should produce a pullback to around the 50% retracement and than higher again.
This forecast will be canceled when the market breaks the low at $2945.52.
We already called this few weeks ago. You can find our analysis posted last month below.