After completing 12345 impulse move Bitcoin showing that it is currently in final corrective phase C of ABC. When bitcoin broke the rising channel it was the 1st sign that possibly the entire move up is 3 waves. after completing wave B of ABC, now it has broken 2nd support level marked on chart, this confirms that the entire rise was wave B, and currently we are in wave C of ABC, The parallel channel around the entire structure gives us the downside level of 30800 for wave C to complete.
Overall wave structure could be like this
macd in weekly
macd in daily
rsi in daily
Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.