SUMMARY
Bitcoin (BTC) price thus far has completed the abcde and broke out of the white triangle by breaching past the upper resistance line. The sideways movement often supports the direction of the trend and that's exactly what happened with Bitcoin.
IF this count continues with a second round of impulse motive; then the below subwave pathway is proposed. Ambitious as it might look, wave 3 is only 1.618 of wave 1. This second impulse would in effect compose the subwaves of yellow 3; a higher degree of trend.
The below chart of an Inverted Head & Shoulders further supports the likelihood of higher highs. IF this pattern confirms by price breaching the Neckline; then the minimum rise can be projected to $10,387.
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