Bitcoin has recently shown an interesting stair-step pattern in its upward trend.

Each upward wave has an amplitude of about 10,000 points, with a brief pause after each rise. From 7.5 to 8.5, then to 9.5, and most recently to 10.5. After each jump, there is usually a period of relative calm with horizontal adjustments lasting seven to ten days.

This pattern provides predictable opportunities for profit-taking or establishing new positions, and these consolidations can serve as new support levels. If this pattern continues, the next logical target could be 11.5, which is just about 11% higher than the current price.