Hitting the top of the descending triangle and nearing it's end, a catalysyt around about now would be nice, otherwise I think it's best to plan for a breach of 6K downward.
We have tested the bottom of this descending triangle far too often, that can only happen so many times before support is broken.
Keep a keen eye on bitcoin folks & good luck to us all.
A little long term perspective, pretty new to elliot waves but it appears we are doing perfectly well over a longer time period & we have suffered long protracted bear markets before with Bitcoin and she has always pulled through; institutions are flocking in, so is regulation, the big players missed the boat and this prolonged bear market would be a perfect time...
IMO, We need to break through and out of this 10 degree channel in order to declare ourselves into reversal territory.
Good signs so far, big walls getting eaten in a fashion I have not seen for weeks, things look good :)