You gotta know the forces that actually affect the market and not just pin it on history, patterns and repetation.
Is this pump a *bull trap*? maybe... but if $BTC breaks past 82.5k then we might be looking at a new support around 87k, building towards 90k.
Ofcourse there will have to be liquidation for a proper bull run. The drops will be steep and hard hitting sharp dives to liquidate the bulls and the bears.
However, if u still expecting the typical BIG DUMP towards any less than 50k, you really are out of touch with what's going on. But... .. .. what do I know? I am just a Financial Analyst stuck on a dead end job at NASA.