Just like the chart image below, Many traders' TA shows that the corrective wave will reach between 0.382~0.618 fib level which is around $7,200~$7,600. However, you guys know what Bitcoin
likes to do these days. It doesn't want to do opposite of what traders say! So here is other possible scenario. We might actually have finished our correction which only retraced 0.238 since bulls are too strong. One of the back up reason for this is that what people think wave b is consisted of 12345 impulsive wave structure so I think it might be our first impulsive wave. But of course if it breaks $7,800, this becomes invalidated.