It seems to me that we have an upward wedge and the situation is similar to that around November 2020.
I'm speculating, this isn't analysis - it's just a feeling. We had accumulation at the levels of $16,000 - $24,000, re-accumulation at the levels of $24,000-$31,000. Now should be the time to grow.
We are definitely in the zone between $48,000-$38,000. A break above 48,000 should lead to $60,000. Here's the top exit from the wedge (maybe a fake from the bottom)
It is possible that there will be consolidation at these levels again and we need to watch what happens next on the markets.
I'm speculating, this isn't analysis - it's just a feeling. We had accumulation at the levels of $16,000 - $24,000, re-accumulation at the levels of $24,000-$31,000. Now should be the time to grow.
We are definitely in the zone between $48,000-$38,000. A break above 48,000 should lead to $60,000. Here's the top exit from the wedge (maybe a fake from the bottom)
It is possible that there will be consolidation at these levels again and we need to watch what happens next on the markets.