Did we just bearishly flag on Bitcoin ?

If we just saw a major bearflag in bitcoin, and this measured move plays out, the world will turn into a crazy bitcoin is worth 12k place...

88% retraces in bear markets are nothing out of the order for bitcoin, and both the .886 and the measured move point to 12k,
and looking left, you couldn't even say, that 12k doesn't make sense, that was the one big resistance, BTC topped out there once in 2020 before we went berserk in crypto space.

Let's hope TA is wrong here :D