This happens on all time scales whether hours, days, weeks, months, years or decades.
Here is a blind test with price and time scales removed. It illustrates how the same patterns occur on very different price and timescales.
Two charts ended in a speculator crash losing 80% in value, and one isn't done yet.
Can you tell which is Bitcoin, and which is Nasdaq, and which is a random stock called Pulte Group ?:
The description is in polish, but lines are marking potential "high" of total market cap, and potential range of correction, where it's going to (about 166-180B $ market cap).
It completly shows the same pattern as from 2014...
I know there was MT.gox etc, but in the end - correction of BTC then was inevitable, as it is now imo.
Especially, as such cases as tether would implode on the market.
Logarithmic scale is non-sense, it always shows, that's "healthy" uptrend, when it isn't.