$BTC: Bear Posting the Lows & Higher Timeframe Concerns on the Weekly Chart.

I am seeing a loss of momentum that began in March 2024 around the 72K highs.

If I categorize each upward leg that BTC has formed since the 15K bottom by each concluding with a downward consolidation I can identify three main legs/impulses:

First leg: 15 → 72K from Nov 2022 to March 2024

Second leg: 50 → 108K, from September 2024 to December 2025.

Third leg: 75 → 125k from April 2025 to October 2025.

Recently, impulsive moves have tended to peak after the third leg, so this is a big warning sign for me.

Additionally, this latest push upward marks the first time momentum given hints of slowing, with price action forming a rounded-like top. This is perhaps the most concerning part to me, as it suggests that the structure may be changing.

I've had these thoughts and concerns for a while and I would much rather we continue upwards but sometimes we don't get what we want.