Crude Analysis: BTC to 8.6k USD to complete the bull-flag?

BTC might come down to as low as the 61.8% level @ ~8.6k USD to complete the bull-flag -- continuing with the current downward parallel channel movement in the short (~2-3 weeks), before breaking up to continue with the bull market pump?

This level is a good confluence with my previous macro-view of the current BTC market cycle/phase using LIVIDITIUM dynamic fib-levels, see:

Where comparing with previous market cycle, price is expected to revisit the thick grey level (which may continue to shift higher/lower as the price action develops).
But right now, it is at ~8.6k USD.

See also my less speculative TA of BTCUSD here:

Comment:

NOTE: BTC can break up anytime, and doesn't necessary have to go as low as 8.6k USD.
The more bullish sentiment may suggest that the ca. 78.6% Fib retrace is already sufficient.
But just thought its also good to consider more bearish scenarios/possibilities.

Comment:

BTW, this is meant to be a "Neutral" analysis. Not calling for a "Long" or "Short". But TV doesn't update the edit to correct this after publication. =\

Need to continue to monitor the chart instead to pin point breakout event, and then decide the next move.

Comment:

Latest chart. PRISM Signals signaling "sell" now. Expect price to continue within the descending channel rather than breaking out higher..

Longer term still looking bullish for BTCUSD.