1 year downtrend Channel is broken.
Initial target reached(attached), short term overbought, could correct. Long entry at support.
50 sma Support.
Holding the 255-275 level support, targets 310, 340 and 390.
Weekly RSI gaining strength.
Weekly Chart View , just to round it up, imho. Price has broken from primary downtrend channel, finding resistance against 20 sma, has cleared some long term horizontal supports, 50% last wave and Channel median line(red), (305-310 level), if and when broken, may open the door to higher levels, while Stochastics has cleared a horizontal resistance, and is gaining ground. Symmetric Projection lines(channels) are also shown.
I'm skeptic about Elliott Wave in this low liquidity enviroment...Short term BTCUSD charts don't seem to convince me, since I consider that they don't properly reflect the sentiment of both the small retail operators and the better funded players.
I'd be wary of going lower than weekly to base decisions on.