Not exactly sure where we will turn around, but RSI looks almost identical to last cycle, just ~30% shorter cycle?
It kind of looks like the move is manipulated this time? Might be because billionaires buying off-market through Coinbase way more this time than last time.
Also the lower 30k's looks attractive even tho I hardly doubt we will go there, except we starting bear market early this time. If price retrace to 30k to 40k - chart would print Inverse Head&Shoulders, at around 28k there is 3 White Soldier pattern on weekly chart, that act as strong support, wouldn't be surprised if we dip to those levels for a day or two if we get black swan event.
If we still in bull market then price should't go below ~80k. And correction of this size would start altcoin season.
This is weekly chart so of course no actual telling will this happen this week or 10 weeks later, just an interesting look. And RSI might lose it's bearish div if we pump enough.
Everyone saying BTC will go to over 120k or even over 300k, this dump would be something beautiful for new entries.
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