Bitcoins decline from 13851 to 6706 is clearly not an impulsive move down but an overlapping mess making the entire decline a complex correction. The price action from the December 2018 low up to the 26 June 2019 is clearly an impulsive advance defining the trend as up, everything since then has just a pull back in an up ward trend that has much further to go.
The recent move lower shows Bitcoin had an unfinished pattern. The patten now has the right look for a completed W X Y double combo if this correction has even further to go the next alternative wave count would be a W X Y X Z triple combination. Bitcoin needs to exit its corrective channel with five up and three down pattern from the 6760 zone to confidently consider wave (2) complete.
The recent move lower shows Bitcoin had an unfinished pattern. The patten now has the right look for a completed W X Y double combo if this correction has even further to go the next alternative wave count would be a W X Y X Z triple combination. Bitcoin needs to exit its corrective channel with five up and three down pattern from the 6760 zone to confidently consider wave (2) complete.