As expected, Bitcoin is moving strongly and impulsively within wave »v«. It broke even above 7000 area, but we still see an unfinished five-wave cycle, so be aware of another leg up into 8000 area, where bulls may slow down into a deeper correction of a higher degree. So, at this stage, any sharp decline back to 6000 area would be an indication of a completed five-wave cycle.

BTC/USD, 1h