Bitcoin reaching an important crossroad I think.

We are approaching wave 5 of an Elliott wave that could send us continuing on a great bull run so far this year. I think if it doesn't hold around that level, we could see a healthy correction before continuing upwards. The channel in White is going back to 2017 which were almost all critical turning points. The orange channel is what we've been in for most of 2019. The next couple of days will hopefully give us a clear indication on which direction it's headed.

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I expected it to have a little bit longer before bouncing, but it came down to $7891 before taking off, I thought it would hit the cross at "E" which was $7841. Either way, it seems to be following along with the elliott wave prediction quite nicely. I must express that there is DECLINING volume. Be careful as always. Good luck