A thorough examination of previous waves indicates that we're currently in Wave iii of Wave 5.
Following a bullish breakout beyond the previously mentioned levels, the $42,656 support held well, serving as an effective stop level for risk management.
For those who remained patient and overlooked the volatility at the lows, their perseverance is now yielding results.
With this being recognized as a 5-Wave Move, my minimum expectation now targets the highs around $49,000.