I'm not a big chart or price person but I'll try.
The main cause was supply drying out while #Bitcoin was stuck under $28k for months. The #halving in about 25 weeks makes every seller a bit nervous.
Discussion
Do you believe in the 20k Dump theory?
I believe that if we'll ever see #Bitcoin at $20k again, many of us will stack them #sats like there's no tomorrow.
What I learned over the years is that every chart person knows absolutely nothing about the future. I'm still waiting for a CME gap to get filled at $1,200 😆