BTC is in the last major leg of an expanding flat for the fourth wave. We're currently in the relief rally of the first leg down which I would presume should stop anywhere from 53-57k. From there we should head down to around 30k. Another relief rally hits in which we go to around 42k showing that it is now resistance and then fall down to mid-high 20k before we then start our 5th wave up which would be around mid next year.
Expanded flat: 3-5-3.
Expanded flat: 3-5-3.