Insurmountable? LOL, have some patience, man! In early 2017 I'm sure $1,200 appeared insurmountable as well. The market corrected 30-40% off the previous ATH not once, but twice. Many bulls gave up hope during those corrections. And then Bitcoin bubbled. 
It would have been much better if I had written "insurmountable obstacle at this point", because at the right time when the real bull run starts, $20k won't be a problem. I am a very patient man, but also a realist who does not consider it likely that 1 BTC will be worth millions in the near future.
I wish more people felt like you. Then I'd be feeling more bullish. Unfortunately most people seem extremely bullish, anticipating $20K to be broken.
Most have invested in BTC for profit, and most will sell for the right price - and I bet most would agree to sell everything they have if someone offered them a price between $50k - $100k. As time goes on, this game will become more and more only for big players - and more and more strong hands will become weak hands without the possibility to return to the game.
As it stands, I'm beginning to think this sideways near the top is a distribution phase before the market slow bleeds into a crash.
Given that you have experience with TA, you can certainly estimate much better what can happen in the market. However, I am a bit more optimistic, and I think that given all the circumstances, there will not be any drastic corrections. The solution to the pandemic is now only a matter of time (months), the new US administration cannot be worse than the last (or maybe it can?), so some things may be normalized in terms of trade with China. Also, institutional money is constantly flowing into the BTC market, and halving has not yet shown its true effects.
Consequently, the conditions for a perfect storm (bull run) are becoming more likely in the next year or maybe a year later.