Bitcoin seems to be bullish in the long run despite the factors we have in the economy, normally bitcoin has a rebellious tendency if things are not looking good in the economy it bounces right back. That also includes things like the fear that people have as it was selling off for the past few days to weeks. Even from an Elliott Wave perspective, it seems bullish what Elliott waves do is that it identifies repeating patterns from people's psychology. Based on the Elliott waves view we are in impulse waves up labelled 1-2-3-4-5. Well, waves 1 and 4 never overlaps but the main trend is the upside.