Bitcoin Bullish Projection

Red lines: resistance levels

Green lines: support range

Yellow Dashed: Range that I believe will make the bounce / reversal

VPVR on the left for better display of resistance / support levels

Circled points: Similarities of L shape formations where Bullish Rally followed.

Based on the VPVR and the repetition of the circular formations, I make the bullish projection for the price of bitcoin after the end of the bear wave (-15% ~ -20%) from the rejection at $ 48,000.