I am not expecting the rally towards 70k to happen anytime soon, but I agree that the rally towards 58k seems like the possible next move. Obviously I have to state that this is just my prediction and it is not a guaranteed thing, I am not a wizard that can see the future, I just feel like that's the "possible" next move. By the looks of it the 58k mark will be hard to crack, I mean we could have a huge bull run like we had many times and break through it, but unless that happens the next target 58k could be hit and stay there.
Mate, I firmly believe that no matter how good the analysis, neither the TA nor the FA are ever truly guaranteed to be correct. Everyone needs to consider the possible risks because these are just predictions that are never guaranteed by anyone. That is, when someone believes in the predictions or analysis of others, they must know how to minimize the risk because we really don't have a crystal ball in hand.
For a while we will move between 55k to 58k and go up and down around those prices. Only after that we will move to above 60k once again. Seeing how it took us a while to go beyond 50k again, and how we dropped few times and went above again, I have to say the 70k goal could take a month or two after we reach the 58k levels.
$55K to $58K is still possible during the end of the year, but back to square one that we need to weigh the risks. But what is certain is that when we have a goal for long-term investment, buying is better than waiting for bullish confirmation.