it could be that bitcoin is still dealing with the 42k top. market was aiming for a abc correction but the tesla buying extended the b wave massively so that this correction looks awkward now and far away from the textbooks.
So i think either we are still dealing with the C wave and go for the 5 next, or it is already forming a ending diagonal wedge where the corrective wave 4 has already ended in A.
however in both cases it targets around 90k-100k, in case 5 is the same size as 1 or if it hits the the top of the wedge in an ending diagonal
problem remains to figure out if the C wave is already over or we see one last dump before
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no clear signal yet if C is over
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moving nicely already, so looks like its happening.gif