As we can see, Bitcoin has experienced an increase in buy volume over the past few days. If you look on the weekly timeframe, we're only a few hours away from a strong looking bullish weekly candle close. If we do in fact close with a strong bullish weekly candle, I will be looking for price to make its way down to the 50% area of the last bearish weekly candle before continuing upward. If you zoom in to a daily and 4H perspective, it would make sense for the institutions to shake out all the late buyers and mitigate their sell positions before accumulating more bitcoin. If price trades below our stop loss, I will be more inclined to believe that price could go all the way down to 20k before developing a new strong support again.