An 'alternative' bullish view that suggests that 69 was a "3", not a 5".
https://www.tradingview.com/chart/BTCUSD/YborCh2M-Is-Bitcoin-about-to-rally-to-110-120k/

I gives this scenario a low chance (make 20-30%), but it ALSO suggests a 47-48K point in a few mo.