Over the last decade, this market has become all too predictable.
The whales now are gunning for sub 50K, and they will eventually crash it down below that.
Why sub 50K?
Because if you look at the chart, that's where they started seriously pumping the market with heavy leverage on 2/25.
They always short it back down to where they started. Dumping into their own (fake) buy walls.
It's all an effort to get weak hands to shit their pants and sell, and to knock stupid guppy day tarders out of their long positions.
Easy problem to solve tho, just HODL.
that would match the chart pattern of May-Juli 2016. We shortly went under the 21 weekly EMA back then which would correspond to 47k this time. Sure, we hadn't reached an ATH back then but we also hadn't had such a ridiculous inflation.