One more leg up before a deeper drop

It's too early for a continued bull run -- a new ATH will not happen this year. If it does we are looking at something close to 50k, and then back to 10k. No one wants that. However I try to extend the current chart to go upward (in a more macro setting, not shown here), its just does not look natural. I don't think the current situation is explicitly bullish or bearish. Before we drift in sideways fashion for a few months, I think we have to revisit 8k very briefly to sweep up that resting liquidity.