As shown in the chart, the current crypto revival and bitcoin run shows many similarities to the massive growth of 2020-2021. It has consistently been overbought on most MACD/RSI-style indicators, and in both scenarios 
BTC forged a new all-time high with very few red days. Bitcoin has currently broken down the local support, and on smaller time-frames has formed a head and shoulders pattern:
These similarities could indicate a pullback similar to the one in 2021, in the ABC elliot wave pattern, and potentially to a significant fib level. I am expecting a short push to the upside before a larger push to the downside into the $60k price range, which also happens to be the 50% retracement. This is just my opinion however, and I could be completely wrong. Good luck!
BTC forged a new all-time high with very few red days. Bitcoin has currently broken down the local support, and on smaller time-frames has formed a head and shoulders pattern:These similarities could indicate a pullback similar to the one in 2021, in the ABC elliot wave pattern, and potentially to a significant fib level. I am expecting a short push to the upside before a larger push to the downside into the $60k price range, which also happens to be the 50% retracement. This is just my opinion however, and I could be completely wrong. Good luck!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.