In my previous analysis I explained how BTC
was moving toward a turning point in the $7200-7500 range. I still maintain that idea. However the 70% fibo of the previous downtrend could well be part of the correction targets. Wave 4 of C could still not be yet completed. I'll update the chart as it unfolds.
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.