Assuming that the uptrend will continue, and that BTC will not fall lower. A potential 30% gain in price could be reached.
If the current impulse move up is not a failed wave and is supported with a gradual increase in buyer volume, we could start to work on a larger wave 3 from the wave 2 correction.
Otherwise, if it fails, we can retest some new lows. Although, I believe it is highly unlikely seeing as the larger wave 1 retraced a fairly substantial amount, around .5 Fib, potentially identifying some strength to confirm an uptrend.
If the current impulse move up is not a failed wave and is supported with a gradual increase in buyer volume, we could start to work on a larger wave 3 from the wave 2 correction.
Otherwise, if it fails, we can retest some new lows. Although, I believe it is highly unlikely seeing as the larger wave 1 retraced a fairly substantial amount, around .5 Fib, potentially identifying some strength to confirm an uptrend.