Looking at BTC from the perspective that it still needs to correct, with likely targets for a pivot at $8500 and $7200, this chart projects a recovery to $20k based on first, reclaiming weekly resistance levels as support at $10680, then accelerating with growing confidence towards the all time high.
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Zooming back out to the weekly view and we can see another bearish inside bar formation also projecting lower prices:
Pivots are unchanged, but with the fundamental bullish case building, with the Van Eck ETF open for preliminary business and BAKKT futures exchange going live on the 23rd, I expect the low will be a wick down, rather than an extended and lengthy decline.
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