Bitcoin price has been in a parallel channel for a year!
It took from April 14th, 2021 to November 10th, 2021 (about 7 months) to travel from peak to peak in this parallel channel. Hopefully, we have already bottomed, but, if not, we could bounce with good volume at the bottom of this channel (around $32,000) should price continue to the downside. It is possible, based upon past price action within this parallel channel, to hit the top of the channel (around $75,000) near June 10, 2022.
Note
Click here to view the parallel channel: 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.