According to Ralph Nelson Elliott's "Elliott Wave Theory" a market cycle has a Motion Wave (5 impulse waves up) followed by the correction ( ABC
wave). According to this count BTC
had its 5 impulse waves and is going for the correction phase now, what would mean 20K is the all time high. We could see a B wave up from here but to reach new all time highs we would need an extended fifth wave? Don't hesitate to give your opinion!