The bulls deliver one high after the other. After reaching our wave (iii) in Blue target, the market undergoes the planned correction of wave (iv) in Blue. This correction is promptly followed by another high, and the bulls are just short of propelling Bitcoin to new all-time highs. But just like in the 2017 heydays, the market needs a large corrective wave to rise in a sustainable manner. After the top, as indicated on the chart, we expect a big corrective wave to levels of $10000. The target for wave 1 is set at $22000. However, given the current rise, the bulls could easily bring about further escalations to northern territories.
