BTC targets based on previous rally's Fib extensions

The past couple bull rallies for bitcoin are lining up nicely on the fib time extension, projecting the end of this current rally around 1-12-18 (60 day cycles roughly). Using the fib extension of the previous rally which took us from a low of 2970 to a high of 7900, I have drawn out the .618 targets. What do you guys think? What's the target for this rally?