Bitcoin probably entered into the correction phase of the wave 2 as the price had hit the 2.272 - 2.618 range of the Wave 1 fib extension. Expecting targets for wave 2 are 29451.8 for a mega run up or if it break below it than expecting to go into one of the fib retracement of this impulse that may be 0.618 (27345.2) and this scenario is the most probable. Also the price cleared previous top 31059 and this is a good point. Hit the like button if you like my analysis and follow me for future updates! Good luck!
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Price is still in the down channel and it is ranging between top and the 4t wave, probably a wxy correction
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Probably a leading diagonal or wave a
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Leading diagonal for wave A now wave B retested previous broke top (31959) and now expecting to move to the downside for wave c. Clearing 29890.01 will confirm it. Also alternative scenario wave 4 triangle and will go up for a 5th wave if clears 30998.5 after a small pullback for wave E from triangle
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Bitcoin may be into a 4th wave triangle if will keep 29804.6
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We can continue to use 29804.6 as the near-term key level, watching to see if a triangle wave e is still forming. Clearing triangle wave d pivot may suggest that the triangle consolidation has ended and Bitcoin may go up to end a 5th wave
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Flatt correction for a 4th wave, still 5th wave in play