It looks like corrective set-back on bitcoin from Feb highs can be finished and that there is room even for 62k, while price is above 49500 if we consider the rules of an EW impulse where wave four shoudl not move into a territory of a wave one. What I also like about the current situation is a bullish H&S pattern where bulls successfully survived the retest of the neckline at 53k. I really love the combination of old-school basic technical analysis and the Elliott wave theory.
If from any reason price goes below 49500k then while price action from February can be a triangle or even flat. But let's talk more about this situation when needed.