In the near term obviously we need bulls to actually recover the final requirements for a technical bull market, which is to recover the Daily 200 DMA & 20W in the range of $45k. Then we watch for a possible dead cat bounce; ie . dead cat bounces are just when the market rallies one final time before running out of steam, and posting a massive drop/correction/bear market.
If we can recover the bull market and continue the bull cycle over $60k, this is one theory on how the top might look if we applied the 2013 to 2017 pattern to this cycle.
☙ Historical pattern: 2017 saw a top around 65% weaker (as measured from the spring off the last support on the 10 year chart) compared to 2013
☙ 2021 possible outcome: if 2021 posts another 65% decline, that aligns with a very minor break over channel 3 at around $110k. This mostly aligns with a lot of other predictions. BUT again, this also depends on the next month or so not ending up as a dead cat rally.