Interesting observation on Bitcoin price movement. According to the Power Law Corridor, if Bitcoin surpasses the blue line it's usually a matter of 1-2 months before it reaches the red line, which is currently at $50,000.

While charts and data can provide insights into expected price movement trends in the world of cryptocurrency or stabilize more crucial transactions with finite capital/economic hardship characteristics there is always an element of uncertainty, fluctuating own market circumstances added with eventual assets fundamentals may impact (dis/repeating) this kind authoritative vision.

It's always recommended that people conduct their own research and make their investment decisions based on thorough analysis as well as taking holistic investor education regarding asset management processes helping reaching higher percentages of effectiveness when being exposed to high uncertainty geopolitics/social proximities/indirect forces such current pandemic restrains over commodity availability/material prices increases/profits forecasting/digital assets acceptance etc.