In my previous BTC analysis I pointed out how a downtrend is still ongoing. It looks like we are still in a triangle but things are taking another turn. Wave D or E is being stretched and could target the $6.7-6.9k range before resuming down.
Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets.
DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.