Bitcoin has begun the realization of the previously considered wave scenario. The price of the leading cryptocurrency has resumed its strengthening.
However, as soon as a local maximum was updated, the price encountered strong selling pressure and now there is an intense struggle for initiative.
If buyers are unable to overcome their opponents at this level, the price will begin to decline and the situation may become favorable for sales. Otherwise, after a brief corrective pause, the price will surge further upward and complete the extension of wave (iii), after which it will move into a corrective phase.
The second option currently appears to be the most likely, so upon updating the local maximum, it is recommended to look for buying opportunities.
Investment idea: BUY 82300, SL 80500, TP 85000.