Considering the strength and slope of price growth from $16,500 to $24,000, we are probably in an impulse structure.
But we cannot comment with certainty about the status of this pulse wave. So this impulse structure is either wave 1 of a larger five-wave structure, or wave A of a zigzag correction.
So, according to these two scenarios, we can expect the possible ranges of price movement in the next four to six months, as shown in the chart.