However, it seems like it has another leg up before it ends. Some what I am expecting is a move to about $13,000 or so next week, follow by a big decline to $11,000 or so the week after.
In terms of Elliott Wave Analysis, it seems to be forming an Ending Diagonal Pattern in the 5th wave position of a 5-wave move that started around the $8,800 level, as seen in the chart. And it is missing the last wave to about $13,000 or so.
I think people are way too optimistic on Bitcoin...MACD is divergent with price and is starting to reverse downwards on weekly and on daily is going down on free fall. Next target down would be 10400 and that could literally happen in 1 day, and why not 9500. Also the 7k support level has not been tested yet...I might be wrong but, just saying.