BTC/USD Future Expectations

It seems that the correction may still be in effect in which case price should drop to at least the 61.8 Fibonacci percentile marked by the Purple line. Obviously this can never be a certainty and it should always be held to mere probability. If this main scenario happens to be wrong what should ensue is a rise to break the previous top located at about 4400. If this price is broken Im confident a rally will follow.