How about the simplest answer is the most likely explanation? This recent 6000-9000$ run-up might be a wave 4 of an impulse. It fits a clasic 5-3-5 zig-zag pattern. you also don't need to strech the wedge at all to fit the pattern and it is way closer to the apex (given timelaps and the fact that corrections are slower, it's right on the apex) , MACD also seems to confirm it. You keep beeing bulish al thru this correction, already called 2-3 times a possible bottom . At one point you are going to be right but it might be usefull to show your audiance an alternative view. It never hurts.
RE: Bitcoin (BTC) Morning Update: An ABC ZigZag