If you will add historical charts of Bitcoin price, everything would look even better. This is a technical analysis that works well in much more stable markets. Bitcoin is still niche for financial markets and unfortunately this may be a mistaken assumption. However, there is a probability of such a scenario.
In case you have not noticed, from the general traditional market that has been traded for years even to this one, everything is all a game of probability for retail traders, it is just how you are able to strategize, anticipate, manage risks and make the better judgement in your trade that would matter at the end of the day. One thing I always do though is never to think of what could be a possibility for how far a market would go or how low, I just basically allow trend and time to do the talking. I feel over time, that has suited me a whole lot better.