The Elliot wave count on the Bitcoin daily chart is following our corresponding logic.
For daily trading, Bitcoin remains within the accumulation zone between $29,885.95 and $31,741.52; inside a symmetrical triangle ABCDE.
Wave E may soon trigger a correction if Bitcoin breaks the resistance at $29678.23. That could take the price to touch the approximate support of $27834.59 and from there start a projection of 12345 waves.
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