The price does not show enough strength to rise. Base on Supply and Demand, BTC keep on 17500 $ monthly demand zone if this level will break down we have another Demand zone on 9800 to 11600 $.
BUY STOP DIGE3LUSDT ENTER: 0.3087 SL: 0.1880 TP1: 0.56 RR: 2 Based on the last drop of BTC its possible to hit the SL, so money management is essential
Buy Limit ADA3LUSDT Entry: 0.08 SL: 0.06513 TP1: 0.116 RR: 2
According to Miner's Elliott method, bitcoin will fall to the $21,900 range in the first phase and will drop to the $15,600 to $17,500 range to see the EOW4 wave if not supported.
Bitcoin is in the middle of the weekly channel. after breaking out of Fib 2 and pullback to level 2.618, the price is expected to move to $ 61,000 by early June.
Bitcoin is at the bottom of its channel (TF Daily), and on the other hand, after the end of the 5 waves and then the ABC pattern, bitcoin is expected to rise to the price of $ 71,000.
The price is at the bottom of the channel, TF: Weekly
base on the pitchfork it's possible we watch the touching 21.0
Base of the chart, the crab pattern is observe and it's possible that the price rise up about % 50.
Base on the Cup pattern its possible we watch the price at 22000 - 22500 USD
Base on Cup pattern its possible that BTCDowb could touch 0.5
Base on ABCD pattern BTCUP could be tuch the last HH at 0.340
In the monthly time frame, we see the cup pattern and we can expect the price to rise to $ 2,800.