Here is the show of Elliott triple combo waves. W, X, Y are complete moving on to Z. Price can go out of that triangle by the first week of April. But, to be aware and to be ready of both the perspectives, i would say that the price might go under $8000 by the April. But not likely as waves are showing good pattern.
See the below graph. See whenever there is a triangle, there is a breakout near the apex. We just have to wait for the breakout from the bigger triangle inside the Bold White lines. Once we get there, we are on.
Graphs Source: Tradingview.com
Disclaimer: This is only my point of view. I am not recommending you to buy or sell on my mark. The post is for informational purpose only.
If you have any thought to share, feel free to comment.