The presenter analyzes Bitcoin using Elliott Wave Theory, indicating a base channel taken from wave one and wave two, noting wave three extended out of the base channel, and wave five has hit the middle line of acceleration channel as a sign of a potential finished wave five, discussing potential future scenarios, he estimates it could finish inside correction at WXY as kind of triangle ABCDE starting 1 2 1 2 here 3 4 5 and another option would be a potential ABC correction where wave C would look like an expanding flat, he estimates potential fall for around 50-60k which it could be a huge opportunity for btc with that level acting like a reset button for another bull run.