With the breakout from the bull flag to the upside bitcoin is doing exactly what it should be doing.
Check this out:
(Source: https://x.com/Washigorira/status/1857803682068255179/photo/1)
I don't agree with the end target here and not sure how they are getting that number but the overall trend should be the same.
Based on my math it looks like we went from $15k to $70k before that bull flag.
That means you add $55k to the breakout point which was around $70k, which points to $125k as the target.