$BTC
There are two main pathways that I am following on the higher timeframe. In the orange scenario a larger abc-structure is underway.
In this scenario wave b is unfolding now and could even stretch to the October highs of last year and possibly slightly higher in a 3-wave pattern.
However, if pullbacks remain corrective then we may even see a full 5-wave sequence to the upside as per the yellow scenario. Both preferred pathways allow for higher prices in the medium term.
Please note that the main element of the trend is likely wave (3) in yellow, which is the rally that is expected once the correction that started in September is complete.