With the new ATH replacing the previous B wave target, this gave us a higher C wave target of around 49k. I was surprised it would be hit in such a quick, foul swoop as it did today. Since it was such a quick wick to C, I wouldn't be surprised if C got revisited. On my journey to learn the basics of Elliot waves, it seems they always eventually play out. It just may take a long time. This is good for Bitcoin as it can now go on to reach its higher targets of 70k and beyond.
Comment:
Looks like C got revisited as I thought it would. Hopefully it's all up from here for bitcoin.