Bitcoin established a new local high yesterday morning at $71,281 before retreating slightly lower. Despite the recent price increases, we must primarily continue to assume that the price will once again sell off into our green Target Zone ($58,655 - $47,012). Once the low of wave 4, which is also in green, is placed there, we see the price sustainably surpassing the resistance at $73,462 and thus reaching new all-time highs. However, our alternative, which calls for a direct move above this mark carries a probability of 48%. In this case, the low of the interim correction will already have been set with the last dip into our Zone.