POI = Point of invalidation. Even though it is a and w4 is allowed to overlap w1, I do not want to see that happening to make this analysis valid.
Wave Y = ~238.2% Wave W is acceptable for a WXY structure. This gives a target area of ~$4808.46. The other likely targets of Bitcoins are also marked on the chart (very close to the $5,000 area). Arrow shown on the chart is not a projection. I used it to show the possible trajectory for the price of Bitcoin .
Waves awaiting completion are also marked on the chart
P.s. I will make sure not to use square brackets again as I have noticed that Tradingview won't accept them and they just don't show up when I use it to label the waves