Currently, Bitcoin is primed for a correction. The similarities with the ACT I out of the 2015 bear market are uncanny. As you can see, ACT I ended at a value that corresponded to a 65% of the previous ATH . I expect this move to not go much higher than $13k, which also corresponds to roughly 65% of the current All Time High (between $19.6k - $20k, depending on the exchange you're looking at).
As you can see, a correction between 30%-40% followed with each ACT. These corrections followed when was at 80 or higher on the weekly time frame. The current weekly (as of July 9, 2019) sits at 82. I expect a correction between 30-35%; I don't expect it to drop below $7.6k.
I expect an alt rally, in particular in Litecoin, to follow after this correction, which means the major alts will soon experience a serious ratio surge/pump.
I expect bitcoin to reach between $250k - $320k by 2022. It is possible we will see a new ATH this year.
I will be updating this idea regularly.