In my previous Bitcoin analysis, I illustrated two potential scenarios: 1) a truncated 5th wave that would test 30K or 2) a lenghty fifth wave that would go as low as below 20K. With the latest development, it appears that Bitcoin's price just broke the downtrend channel to the upside this morning, after El Salvador passed its currency law to make Bitcoin a legal tender. It seems like a truncated 5th scenario is now in the cards. Price stopped at 31K, it didn't go as low as 30K but this scenario is the most likely at this point.