Bitcoin (BTC/USD): Volume is showing an accumulation pattern

Let's analyze Bitcoin with Technical Analysis and Elliot Wave.

Prior analysis:

Let's see how is Bitcoin looking today 8th June

Elliot Wave Count suggests we're at the early stages of a extended wave (3).

Wave (3) will be made up of five waves of a minor degree. Labeled as 1-2-3-4-5.
Currently at wave 2.

Check out the volume pattern

Volume pattern is showing an accumulation pattern. Also speed is increasing (higher slope of the volume trend)

Price pattern is looking like a bullish flag.