bitcoin chart is showing like double top formation around $51,000 levels but whenever both double bottom (or triple bottom as well) and double top are happening, that will indicate market is sustaining which is usually ending up in breaking into the upper side.
Yeah, we have witnessed that many times. Right now I just see a big spike in bittrex with BTCUSD pair which lasted up to $66k (but no corresponding big volume). I mean what you are saying is being backed up similar incidents. Who knows, market may break up those range bounds and get back to its routines of scaling new ATH. Chart patterns are good in predicting upcoming trend reversals hence I look for ending up the current trend of correction markets as soon as possible.