Confluence:
Elliot wave 5
RSI similar to prior bottoms
Bottom of channel
$53K prior untested support revisited
$53K = $1T MktCap
Decline to 50% Fib like prior decline
100 day MA tested as support like prior bottom
Red trendline being probed
Decline % similar to prior dip
Elliot wave 5
RSI similar to prior bottoms
Bottom of channel
$53K prior untested support revisited
$53K = $1T MktCap
Decline to 50% Fib like prior decline
100 day MA tested as support like prior bottom
Red trendline being probed
Decline % similar to prior dip