If this were to play out we are heading much higher over the coming months.
Bitcoin has created several Mega Phone Patterns over the last couple years, with this possible being another one.
Check it out:
(Source: https://twitter.com/Washigorira/status/1557390172668547073/photo/1)
If this pattern were to play out in similar fashion it would mean bitcoin is going to hit roughly $75k in the next 6-12 months.
Seems a bit optimistic to me but we shall see...