$BTC - March 2023 #Bitcoin Analysis Update

Here's an updated count. One thing I'd like to draw attention to is the non-stop increasing volume you can see on this move.
While it is possible to see wave 5s have more volume than wave 3, It is not a likely occurrence; plus RSI has already been divergent for a while.
This whole move above 19k could be the whole of wave 3, and wave 5 could take us well into the box above (which would increase the likelihood that this is a new impulse, and not the C wave of a nasty flat.).
A break above the 1.618 (green fib extension on the chart) is necessary for this to happen.