I think it is actually correct and even up to now, BTC seems still bullish. Although indeed there are still plenty of online contents that are miss leading, so we need to be careful about them if we don't know or we only have a less knowledge on the thing that they are talking about. In terms of formation, maybe the same scenario can repeat but not the exact price anymore because the adoption right now is pretty solid already. Simple interest without an action won't make a change but we must not also under estimate the retail investors. In fact, their numbers are much more and if we combine all those small demands, that can make a big thing already.