The market analysis tool Elliot Wave Theory proposes that market prices are always in certain movement patterns and fall within some repetitive cycles. Based on this theory, Bitcoin is currently in the fourth wave of consolidation. If Bitcoin price surges above the $72,000, it can be taken as the beginning of the fifth wave which may elevate the price to as much as $100,000, $150,000 or $215,000. But, after this wave, a big market crash and correction is anticipated. Investors must be careful and even take the opportunity to close their positions on profits should they suspect the fifth wave is in progress.