This scenario could be confirmed (or not) within the next week.
https://www.tradingview.com/chart/BTCUSD/AHFOHXcM-Updated-Longterm-Downtrend-Cycles/
https://www.tradingview.com/chart/BTCUSD/AHFOHXcM-Updated-Longterm-Downtrend-Cycles/
His charts are one of the better ones on tv