Funny you're writing about this, I covered the exact same topic in my weekly post.

Personally I don't really see the point of comparing today's spot price action to charts from 2016, the market structure has changed a lot in 4 years, mainly because we have a derivatives market that produces more volume than spot and very thin spot market as a result of the halving and most BTC being hoarded on cold storage.

Charts itself won't tell you that story, gotta dig deeper.