Bitcoin bottoming from here is likely due to signs of fractals and bullish divergence at the oscillator which are the MACD and RSI. Inline as well with CCI (Removed it so the chart is not congested). Inline with Elliott Wave theory and its subwaves finishing along with Fibonacci golden ratios 61.8 matching it. I see 2 possible bottom. 1st support box is the strongest inline with Wave 4 of the previous impulsive wave. Corrections of Elliott wave likely ends where wave 4 ended. But if not we can see another bottom which is the 2nd green box support which I considered as it inlines with the golden ratios as well.
If it breaks support likely we can see another drop and correction is over making this analysis invalid.
If it breaks support likely we can see another drop and correction is over making this analysis invalid.