Check out the previous analysis to see just how we got here. Find it linked below.
This points at bitcoin having completed a 3rd wave and is now declining to at least $1896 in order to completed a 4th consolidation wave.
However, there is still potential for a pickup as the internal waves make it seem like we aren't done with the upside.
I thought that the internal wavecount may be indicating that we are not done going up. But I wouldn't be surprised if we have completed a (v)-wave count and are now retracing into the MAJOR cycle 4th. check the update I just put up.