From this point, there are two possibilities for the BTC.
1. In both cases, the 1st wave is completed for sure, but for the second wave or correction wave, it may be completed on only 38 percent, which is not much likely. from here it will be heading towards the 3rd wave which will take it around 11700 USD, but before this, it has to clear a major resistance which will be around 9750 USD. Where If it completes wave 3 then wave 4 will retrace around 72-80 percent which is much likely.
2. Another possibility is that BTC is right now in correction phase(ABC correction), where A and B are completed right now and heading towards the wave C, Which will take it around 8200 USD.
1. In both cases, the 1st wave is completed for sure, but for the second wave or correction wave, it may be completed on only 38 percent, which is not much likely. from here it will be heading towards the 3rd wave which will take it around 11700 USD, but before this, it has to clear a major resistance which will be around 9750 USD. Where If it completes wave 3 then wave 4 will retrace around 72-80 percent which is much likely.
2. Another possibility is that BTC is right now in correction phase(ABC correction), where A and B are completed right now and heading towards the wave C, Which will take it around 8200 USD.