Reverse Cup and Handle Forming for BTC?

There is a mean arc forming on the top of the bitcoin chart as you can see here. It could be the beginning of a reverse cup and handle, which would be very bearish. At this point BTC would need to rally AND break 50k resistance in order to break this formation. Does not look good. However it's the cryptoverse where amazing things CAN happen... but sometimes it takes another 4 years. What do you think?