Bitcoin has been in a corrective A-B-C move down off the top made in Dec 2017.
The last leg of that decline in the wave C down has to be structured as impulsive five wave decline.
The wave ( iii ) bottomed at 6,000.
The wave ( v ) must make a new low under 6,000.
Because the decline off the top of wave ( iv ) up can be counted as five wave down I count is as only the first leg of the decline - wave ( a ) of ( v ).
We are in corrective move up - wave ( b ) of ( v ) that can stretch to 9,550 - 9,720.
But once the corrective ( b ) up tops out we should finally see another drop in the wave ( c ) of ( v ) which would finally make a new lower low and complete large A-B-C down move off the top in December 2017.
The last leg of that decline in the wave C down has to be structured as impulsive five wave decline.
The wave ( iii ) bottomed at 6,000.
The wave ( v ) must make a new low under 6,000.
Because the decline off the top of wave ( iv ) up can be counted as five wave down I count is as only the first leg of the decline - wave ( a ) of ( v ).
We are in corrective move up - wave ( b ) of ( v ) that can stretch to 9,550 - 9,720.
But once the corrective ( b ) up tops out we should finally see another drop in the wave ( c ) of ( v ) which would finally make a new lower low and complete large A-B-C down move off the top in December 2017.