Arise from the Ashes, but what about the underpinning?

From the low of the 2018-2019 bear market to the peak of April 2021:

High: $64,200
Low: $3,120
0.236 retracement level: $13,207
0.382 retracement level: $22,138
0.5 retracement level: $33,660
0.618 retracement level: $45,182
From the low of the 2018-2019 bear market to the July 2021 crash low:

High: $64,200
Low: $28,800
0.236 retracement level: $37,332
0.382 retracement level: $46,956
0.5 retracement level: $46,500 (between 0.382 and 0.618 levels)
0.618 retracement level: $56,580
From the July 2021 crash low to the November 2021 double top:

High: $69,420
Low: $28,800
0.236 retracement level: $43,064
0.382 retracement level: $51,182
0.5 retracement level: $57,610
0.618 retracement level: $64,037
From the November 2021 double top to the November/December 2022 low:

High: $69,420
Low: $15,500
0.236 retracement level: $26,393
0.382 retracement level: $36,655
0.5 retracement level: $42,460
0.618 retracement level: $48,266