200k Bitcoin The Most Likely Scenerio

$200,000 Bitcoin is the most likely scenario based on the cycle's Fibonacci retracement and Elliott waves theory. So far, the bull market has followed the Fibonacci retracement targets perfectly showing all major resistance points. The wave 1 retraced after tagging the 0.786 level and the wave 3 retraced after hitting the 1.618 level. This is extremely bullish, my price target at the beginning of the cycle was the 1.618 level but seeing that the wave 3 have hit the 1.618 level, the wave 5 target is the 2.272 level at ~$200,000.


Green boxes- Where price reacted to Fibonacci retracement levels.