After the impulsive 3rd wave formation, Bitcoin went into a triangular wave correction which can be considered as already completed. No we can see the bitcoin to reach to a new high as a final thrust of the current impulsive sequence.
Reason : Upside exhaustion in two wave format. However momentum is little stronger than previous move thus to hold this level for a day before reversing back to south up to upside move origination point.
TImeframe : Likely a week.