Bitcoin bearish pennant puts us to 14k $.

I used the bearish pennant scenario and a 1:1 Fib ratio.
Unfortunately we are creating lower highs on the current pennant, whereas the support level stays the same.
This corroborates the play of a bearish pennant - as we are losing the buy pressure, while hitting against the same support level.
At some point it will likely break and put us to lower levels.
Each Bull-Market-Cycle we are having a lesser %-gain from ATH to ATH.
Around 70k mark was the current logical ATH level.
Therefore we are very likely within a bear-market indeed and should await lower levels with high accuracy.

Take care of yourself!