Technical Analysis in Bitcoin. Elliot Wave, technical patterns and volume profile analysis used.
Let's see the bigger picture first:
Bitcoin (BTC/USD) daily chart bar
Key levels and bear trend channel still being respected from prior analysis
Clearly on the upper bounds of the bear channel. After breakout, Bitcoin will have several % to move without major resistances.
Also check out the accumulation pattern in volume.
Short term analysis in BTC/USD
Bear target has been reached and now is headed to the bull target of the prior analysis. Price is still bounded.
There is a potential bullish pattern being confirmed. Check out the bull flag. They are continuation patterns of the prior bullish move.