Good summary, @zeartul. Upvoted and resteemed!
I think the big story here is that, despite draconian regulations announced from both China and Russia, BTC has continued its upward price momentum. So much for the monetary Luddites who proclaimed that "banning Bitcoin" would be its death.
We'll likely correct downward off these new all-time highs, as you note, but it's good to know that the classic double-top formation has been averted. That should spell a less steep correction for BTC, but we shall see.