Chart courtesy of StockCharts.com.
Structural calculations indicate Bitcoin is in the process of duplicating the 1973 to 1980 Euro chart structure using an abbreviated timeline that started in 2017. Bitcoin is expected to drop to 30,000 by February 2022. After moving to 30,000 it is expected to move above 55,000 before starting the next move down to complete a head and shoulders formation. This final move down will be the start of a long term decline.