Quite an interesting pattern forming here. If you look at the chart, after significant gains/losses, there is a very flat mid range, that serves as a waiting period. every 2 or 3 sequences of waiting periods does not come without a mild trend reversal. if you look at the latter part of the chart. you will see that we've seen significant gains in between waiting period sequences. thus, Bitcoin is overdue for a retrace. But, this retrace would put it under the ascending triangle being formed, which typically leads to significant breakout. I'm not calling for the moon here, most likely 8K.