I'm interpreting it as He thinks bitcoin consolidates @11,000$ - 12,000$ mark before it reaches the all-time high which a bit correct if he really means that way.
On December 5, 2017, It starts to show a massive pump up to 17,000$ which one of the notable movements in Bitcoin history. Based on the current chart of BTC, It is almost the same impulse wave during 2017 that's why many analyst are predicting that we can reach all-time-high again.


BTC is rebounding everytime it hits the EMA15 line which is a good sign that we are still on the bullish trend. It only needs to break that green trendline so that we can see new high or BTC will continue to a slow paced growth which is what I preferred to eliminate heavy correction.