Bitcoin (BTC): Potential Wave 3 Targets Bitcoin / U.S. dollar BITSTAMP:BTCUSD Haejin Usually, wave 3 extends 1.618 of wave 1; however, Cryptos often take price swings to the extreme, especially on an impulse. So, if the extension is 4.618; that gives a $53k potential target. The current correction is likely to tag the 0.618 Fib level and that stands at around $7,227 and jives with the level of the lower white trendline . Everyday, I release a 10 minute video analysis of Bitcoin on Haejin.com, weekends and holidays too as cryptos never sleep. The video contains a primary and alternate counts of ELliott Waves , Patterns and at times Cycles. New quarterly Gold membership is now available to evaluate the site.