BTCUSD breaking out?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The recent surge seems like a 5 wave impulse forming wave 1 of a larger impulse and that wave 3 of this larger impulse is likely to successfully break the blue trend line .

I am reminding myself that the ABC correction is still in play, and the blue trend line needs to be broken decisively otherwise BTCUSD could turn around and head back to $7k for a 0.718 retracement of wave 1 from $6k.
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