Bitcoin re-tests the panic lows and bounces... what do elliott waves say? The recent drop in the price of bitcoin below its panic lows of 30K resulted in a bounce and it revealed a positive divergence on the chart. This is typically a positive sign. However, it is likely that bitcoin has now bottomed and are we seeing an uptrend already? Or is it perhaps still too early to call? What are the potential elliott wave counts? We look at the charts. TA Video by Alessio Rastani.
