Since it’s double top in Dec. and Jan. I have been bearish Bitcoin, with the target being around the 200 day mvg. avg. It penetrated the 200 day twice in Mar. and has had an expected bounce. We are days away from a quadruple convergence, which is likely to mark the end of this rally phase. Around the same time a double death cross, appears likely.

The decline should resume by April and another significant percentage drop is likely. I am not sure how low it will get in this cycle, but based on previous Bitcoin bear markets, a 50% haircut from it’s ATH at 109k, could find it in the 55k area, sooner rather than later.