Bitcoin (BTCUSD) to 70000?

After a huge price drop experience a few months ago, BTC found its reversal point at 61.8% fib!

After that Bitcoin continued to rise and so far it trades around 48000 price level!

IMO, and according to fib extension for the coming months, we might see Bitcoin create a new higher High at around 70000 price level!

What do you make of this? is 70000 archivable?