Yes I completely agree with this. I don't think $58K was the top yet however its not too far off. Basically with all the news that Microstrategy bought coins at $53K and Square at $51K there is still lots of retail FOMO going on. I think the weak point right now is that its taking too long to open an exchange account and transfer fiat to buy crypto. Hence why we are not yet at $100K.
However with all these minimum 6 figure prediction saying it will go to $100K or $250K or $500K or even $1M, makes me realise that most likely we will never hit $100K, because that is where most people will start to sell their crypto since its a nice psychological number.
$79K is important because its about $99K in CAD and AUD. So most will start to take profit there. Your target of $10-$20K is also spot on. Since $20K was the last ATH and it might be support and the 200WMA which always worked as support will be somewhere in that range when we head back down.
Well I do this for a living hehe, so yes reason I'm hardly wrong when comes to this. I got my midterm right, eth 1900 ~ 2100 usd and btc 57 ~ 59k, my bullrun ending term is eth 2500 ~ 2900 usd and btc 74 ~ 79k.
There is also a possibility this could end now and then return in 2 to 3 years, will see, I would not buy anything right now, altcoins have been crashing for the last 3 days and already have dropped in price quite a lot, not worth to sell altcoins at these prices, btc still good price to sell, it did not crash that much yet. If btc has to rebound then look at 40k or 35k, if it goes lower than those values then we are going back to 20k and beartraps to 10k or a bit lower 9.6k to fill that cme gap.