Bitcoin\1H consolidating after breaking the down wards parallel channel and making a new extreme to the upside ~23.6.It could go up to ~24.1 where a big liquidity cluster is and come back down after that.
**Next stop for bitcoin could be around 20500 where the CME Gap is**
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Technical Analysis Chart
1. Clear Elliott Wave Pattern, 5 impulse wave with ABC Correction.
2. Red and Green parallel zone is the short term bear and bull zone. Upper line in the parallel zone represents resistance and down line represents resistance.
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Given the 20k ATH, the 14k high, and the recent downward channel, BTC has many key resistances layered between 9.4k - 10k. The longer resistances take to develop, the harder they are to break. As a result, before these resistances...
