BTC: What's the Next Path?

BTC just broke out of the descending channel today, however, it does not mean it is bullish (yet).

Here are the two short-term scenarios that could play out:

Bullish scenario: Assuming BTC stays above 47K, it could push toward the next main resistance of around 52K - 53K. If we break through that, then it's most likely a reversal in progress.

Bearish scenario: BTC makes a lower low, testing the low 40K area again before moving up higher.

This is not financial advice. These are just my ideas and opinions.