Go back and watch that Elliot Wave analysis again.
Did you watch it? Because the dude doesn't say it's going to $200 prior to $20k as you stated, he says the correction is nearly complete for this leg, and it could then go to $79k before a much deeper correction.
"Seven to Nine Thousand", not $79k.
Have a look at the scale. He also clarifies it later on on the logarithmic scale. He expects it to go to $7000 to $9000 for the final wave, then correct in a 2 wave retrace to retest the start of wave 5 (which would be the $180 level) before leaving this entire range for good.
This is so dumb. Bitcoin is not going to be 3 figures ever again, because if it does it would be over. Bitcoin is supposed to grow similar to BRK-A, in other words, making new floors, and these floors are not to be crossed ever again. This is called progress.
This is what will happen in the long term. A retrace from $7000 to $180 is ridiculous. It would need to be due a fatal bug discovered or something almost impossible. Not even the hardforking idiots with their BCash and segwit2x garbage would cause that much damage to the price.
Im expecting the price to break into ATH when we get past $4100's nearest resistance, then sky is indeed the limit.