Before ya’ll get too excited, let me state that Bitcoin is clearly in a bear market. We will see a relief rally before we complete Wave E. Momentum and RSI look strong enough to bring in some strong upside buy pressure. We’ve had a temporary relief rally every time we’ve hit a local bottom. Look at what happened when we hit a local low at 32.9k. 26k was bought up quick and that is indicating a new local bottom. We will go lower once we put in a lower high on the higher timeframe. The red line is the trend line I see Bitcoin struggling to break. We will go back down once Bitcoin fails to close above the downtrend. 23.5k will be the bottom. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.