Bitcoin has reached the top line of long term on 4 September 2018, failed to break above it, and dropped from 7400 to 6100 this month. We're definitely still going through Wave C correction, which is not finishing anytime soon. BTC/USD Trade is drying up on all major exchanges, because bitcoin is consolidating between top line and 0.236 line of , the market is hesitating, people are waiting.
On a smaller timescale, 4-hour has crossed up, indicating a very short term upward movement. This rally could go up to 6900-7000, touch the top resistance line of again. If it breaks above temporarily, it could stop near the 200-day moving average at 7489. Very unlikely for BTC to break above its 200-day moving average firmly, if it did in this month or October, we should re-evaluate the big picture very carefully, because that would mean BTC could have finished Wave C correction much earlier than expectation.