BTC to rebounce at $23,240

BTC has witnessed massive drop over the past few months and has printed six red bearish candles consistently on the weekly chart. From the Monthly chart, BTCUSDT is likely going to bottom out around $23,240. Trade cautiously, the dump isn't over yet. According to the Elliott wave on the monthly time frame, the retracement C is what is playing out now. This is not a financial advice. DO YOUR OWN RESEARCH.