Using Elliott Wave Theory as our guide, the minimum waves are in place to suggest Bitcoin is about to take on a nice rally.
The decline from the April 13 high down to today's low fits really nicely as an (a)-(b)-(c) zigzag.
Wave (b) of the zigzag was a triangle pattern.
Wave (c) was equal in length to wave (a) of the zigzag, a common wave relationship.
If this is the pattern at play, then today's low of $25,810 low would hold and a rally up to $27,648 is highly likely. Further rally potential to FWB:29K and even new highs above FWB:31K are possible.
What is your view on the Longer Timeframe let's see Weekly or maybe Monthly if I may ask