- Bitcoin on the weekly/3D chart is currently sitting on the main support: Previous 2017 Swing high + 0.786 FIB + ABC correction completed! - We are also forming a falling wedge pattern, which is definitely a good sign and can lead to a new bullish trend. - As per my Elliott Wave analysis - ABC correction should be completed successfully! - If you check the RSI indicator, you can spot another falling wedge + oversold condition. - Volume analysis - huge capitulation spikes, which usually indicates trend reversal. - We have a bullish hammer candle on the D/3D chart - indicating a rejection to go lower. - I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD).