If we look at a similar period of Bitcoin before the 2017 boom, we can see that a price move towards the 2013 all-time high was rejected quickly the first time in Jan. 2017 and after a 30% correction broke convincingly through the all-time high resistance to 1,300 before making another correction of 30% before April 2017. If a similar pattern holds in 2020/21 we should expect at least one 30% correction before prices remain convincingly above 19,800. In this cycle, prices have moved up toward all-time highs slightly earlier than in 2017.