According to the Gann Fan analysis, Bitcoin is in a bullish trend on the large scale, according to the upward facing fan on the left, but right now is in a bearish correction according to the downward facing fan on the right.
Over the next several days to weeks, we should see another lower low, bouncing off the 4/1 or 8/1 support line, followed by a bull run.
If we see the bull run break through the 2/1 line of the upward facing fan, we can expect the 3rd wave of the elliot wave theory pattern.
Over the next several days to weeks, we should see another lower low, bouncing off the 4/1 or 8/1 support line, followed by a bull run.
If we see the bull run break through the 2/1 line of the upward facing fan, we can expect the 3rd wave of the elliot wave theory pattern.