Bitcoin is currently in "Phase C" of a Wyckoff Accumulation Schematic. The large wick shown on the 4hr timeframe looks to be the Spring (liquidity grab), so I would now expect price to increase, likely back to $60,000 at least.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
