This is the setup. The only question is, do we reject from the ATH like we did in 2016, or do we blow right through it? Based on the Weekly RSI, a correction is more likely. But there are far more on-ramps available to Retail investors right now than there were in 2016. Regardless, 2021 looks like it will be a lot of fun for early adopters and new Bitcoiners alike.
The past two parabolic surges resulted in an approximate 30-day consolidation period followed by an 80-85% bull break. It appears that support has been established at 9000 and we are beginning our next parabola with a target in the high 16000 range.