We are at a very important price point . Two scenarios are likely to take place. The 1st leg of the last zigzag
is done. To correct it, BTC
could rally to the $7200-7500 or in between which coincides respectively to the 50% and 61% fib and reverse from there, or it could just dump from the 38% which has already been hit. Both scenarios could lead us to sub $6k sooner or later.
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.