As seen in the chart, Bitcoin is inside of what looks like a Symmetrical , https://www.freeonlinetradingeducation.c... , those are consolidation patterns, that usually ends up wasting a lot of time and going nowhere. A powerful move is to be expected once it breaks out of the pattern.
Since the previous move preceding the triangle is to the upside, odds are high that it will break to the upside.
The invalidation point is 8,200 USD. If it breaks below that, chances are it is going much lower.
There is an Open Gap on the Chart of Bitcoin . Almost all Gaps get filled, so chances are high that it will close the Gap this week with a move to $9,200 USD.
is oversold in the short term, so a move to $9,600 USD to complete Wave (d) would be expected this week. And after that a down move to complete Wave (e). It does not necessarily have to do that, but that is what I am expecting.
Good Luck to You