The two purple trendlines form a flag-pattern if a breakout to the below follows, the price target would be rougly USD 4648 However, price may find support around USD 7626
Get ready for growth in the number of buyers
Elliot Wave 5 on 1Hr Chart...Cash 5th Wave.. BTC USD long time
Probably silly to guess on such a short time frame but I am hoping something of this shape plays out based on the form and speed of the prior movements and the way the Ichi Clouds and MACD have been 'interacting' with those movements. Also, looking at Bitfinex cold storage wallet balances. Seems to have a temporary correlation to price.