Dear Steemians, welcome to Wave Analysis... I like to update my Bitcoin forecast.
It is still in the corrective phase and in the downtrend, but I believe blue Y wave is over. I don't think this will be the case, but there is a chance for Z wave after a same size correction with the previous X. The correction reached even deeper price than 0.886 retracement level, so no need to bigger correction. I'm waiting for a correction in 1H to buy some Bitcoin. Please take a look at this post for detailed and higher timeframe analysis.
Disclaimer:
Don't invest more money than you can afford to lose. Trading carries a high degree of risk. Everything here is my personal opinion, should not be considered as trade calls.
Trade with care...