Indeed. And given the trajectory of the pitchfork, any sideways/consolidation (like lower degree Wave 4 price action) could further extend the upside target of the historic Wave 3 significantly. The difference between $50k and $100k at that rate of logarithmic growth is miniscule. That gap could be covered in a matter of days when the time comes.
That said, my impression of the $70k revision is that the target is actually a very wide range +/- $20k or more. Lucif knows when to step back and let the market decide. At a certain point, predicting with precision is likely to hurt you as a trader.
masterluc also said "I think we'll be back at 10k."
When did he say this? Recently, after his last chart revision? I would love a chance to re-buy that level! BETI still pointing to the $6000s, too.
This may sound heretical but my take on this $10k comment is that while the master is referring to supply/demand walls at psychological levels, such as $1000, $10,000 and so on, I'm of the opinion that we may not fall back to $10k since the market literally breezed through the $10k and $15k level these past 3 days. I'm more inclined to believe that it will fall to $15k again, test (or maybe brush off 20k), then go on to the $50k-100k.
But then again we don't really know what's going to happen in a market this euphoric. All I know is that this doesn't come even close to the 2013 bubble, and we may have to touch the 100k level first to get to a situation similar to 2013, then we'll see.