Bitcoin drop below $8000 mark after new candle day, it may indicate $8000 become a strong resistance. While others call Bitcoin beyond $10k, as a trader I think if it need to go up to $10k above, it means at least price need to well above $8k. Now price is twice as much as 200MA. Elliott best wave count interpretation shows it’s quiet clear there’s a higher chance it’s top of wave (v).Since wave (iii) is extensive, wave (v) extensive is less likely. As long as ATH maintain, wave (v) is likely finished.
Using arithmetic chart