As you can see on the chart, Bitcoin has formed most of a head and shoulders pattern, although it has yet to break down to form the right shoulder. It is possible that it will retain the uptrend, but if the price reaches $60k this could indicate a major pullback. If the pullback does occur, my target levels would be around $50k, as that has been a heavily traded area in the past. If it holds above that $60k support level, however, we could see a major bounce back up to all-time highs. Regardless of what happens, I would be extremely cautious buying crypto in the meantime. Good Luck!
