the pattern presented by the analysis is only an issue that makes traders flock to buy bitcoin, it turns out that this issue has no effect at all in real trading. many analyzes reveal that bitcoin will break new ATH and claim that bitcoin will break $100k, but to me that is just a false hope and its hard to break that price any time soon.
I am not entirely sure if it's a false hope, I mean bitcoin is "technically" could do that and it doesn't look that bad at all. I am not saying that it WILL do that, but it doesn't look like impossible neither.
I feel like there is a good chance we could end up with some huge increases soon, looking at how we dropped and failed to break under 38k, the increase must be close. That’s how market moves, it goes down as much as it could without a huge deal, it may crash even harder if something horrible happened but nothing happened, so it tested the bottom and found it. Now it’s time to accumulate and increase and make a profit based on that, which will test the top we could reach, who knows what it is.