hint: make this chart yours to see the fibs and more historical trendlines
competitive devaluation of fiat currencies
banning of cash (f.e. 500€ notes in EU)
negative interest rates / no interest for holding money at bank account with volatile currencies means increase demand for store of value assets
bitcoin as modern store of value
Support: 540 - 502
Comparing GBP vs bitcoin chart shows bitcoin top and gbp bottom at the same time.
Fundamentals are still bullish, looking to buy back the reversal.
Nevertheless seeing gold and silver going into a bull market, its unlikely that bitcoin is entering a bear market. So I see Bitcoin going sideways or up over medium term but with high volatility.