As per Elliott Wave analysis despite recent recovery, remains bearish within a continuation barrier (descending) triangle pattern or maybe even flat if we see bigger recovery up to $40k – $43k area. So for now more weakness can be seen towards projected $30k – $25k support zone within wave C/3 or maybe even wave 5.

Bitcoin 4h Elliott Wave Analysis Chart

BTCUSD Elliott Wave Analysis

BTCUSD Elliott Wave Analysis

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