Bitcoin correction and follow through to the upside

In mid May price corrected to the golden ratio of 61.8 before the bulls continued on their way up. Due to the recent explosion on price I believe the bears will be in control in the short term until hitting the RLZ (reload zone) or at least the golden ratio as seen before. Once hitting said level I expect the bulls to regain control. I also believe we may be trading within the pitchfork since mid May. Eventually (could be months?) I expect price to break out of the pitchfork and go parabolic, but only time will tell. I expect many people to be buying at the golden ratio/RLZ which happens to be a BFRN (Big Fat Round Number) of 10,000 USD.