SUMMARY
On a longer term, there could be a triple decker fractal of inverted Head & Shoulder Bullish pattern in the works. I've referred to this fractal as the mirror image of the H&S Top fractals the correction has gone through.
Bitcoin overnight price action has now made the critical junction of around $12,150 that much closer. The below chart shows the next resistance level BTC needs to breach. How it either gets repelled by that level or how it breaches it will be the details I'll keep my eyes one. Thus far, price is departing more and more from looking like a three wave.
The closeups show blue wave iv could be complete and if so, targeting $12k towards the critical junction.
A more bullish count shows that if wave iii is not yet complete, mid $13k would be in the probable picture.
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