I look at and analyze the chart every day. So far, all the signals of a bull run in wave 3 have failed. It looks like wave 2 which started in December after Bitcoin
has hit its high, is maybe a wedge
also called a triangle. If that's the case, the bull run in wave 3 is not far away as wave e of the triangle is still laying out. Watch out as price may revisit the $7,150 level. By the way, Litecoin is also displaying the same wedge
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.