The most recent bullish move was ~ 124%. Bitcoin has since paused and is building a balance zone between ~ $64,750 & $44,250. This rough $20,000 range (64,750 - 44,250) helps inform investors about the next potential move.
One school of investor theory states that when an asset creates a balance zone. The expectation is that when the zone breaks - the next move should be equal to the size of the zone. In this case - some would expect Bitcoin to move to ~ $85,000 OR ~ $24,250!
Of course nothing is a guarantee. But consider viewing $65k & $44k as the triggers to the next move. Rocket higher or submarine lower.
After looking at the above assets it is safe to say that the smooth sailing in Q1 of 2021 is now over. Be prepared for a more volatile Q2 as inflation fears grow, pressure increases on the FED to raise rates, and active investors exit / rotate out of positions.
The porridge is not too hot just yet. But if we leave it on the stove too long, it may burn.
If you want to dive deeper into anything markets or inflation related do reach out!