Take look at this big picture of bitcoin from ATH till now. We can see a global trendline and a local trendline which rejected the price for many times. Scenario1: bitcoin will break the local trendline then will break global trendline as well and will rise up to 59_60. Scenario2: bitcoin will break the local trendline then rejected by global trendline and it will drop more. Good luck
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.