Assuming that 2 completed at $9850. Bitcoin has showed great relative strength compared to other cryptos during the correction, which was rather shallow for bitcoin. The count has been optimistically adjusted from last week’s chart, which gave a target of $600 lower. We met the minimum downward projection from the head and shoulders top, just above the 23.6% retracement level. Near-term trend has been upward since then. Remaining bullish so long as the lower trendline stays intact.
If intermediate wave 3 has begun, we should advance past $23k (at 1.618 times wave 1) before it completes over the next several months.