I believe BTC is beginning an ABC Corrective Structure down to $51,000 before it will complete a final run up to $75,000. I think the 3rd wave of the Elliot wave up will break the prior ATH. My theory will be invalidated if BTC breaks through $58,000 before touching down around $51,000.
Cup and handle formation has formed for BTC after a rejection at the .786 fib retracement from the capitulation after the prior ATH. Could be setting up for a rally upwards to complete its bullish cycle.
