BTC needs a plunge before it can move to >300k

Bullish long term chart
Bearish shorter term

Look at all the big red candles before a run happens. It clears out all the leveraged longs then lets the market go up.
Allows the bears to close out their positions so the market is free to advance

We have not had a big red weekly candle on the BTC for a long time so fasten your seat belt!