We are at the end of a short term ascending triangle and just before options expiration so ultimately the direction we break out shoult deteremine the longer term target. Breaking out below 19.2k should put us on course for 18.5k and breaking above 19.7k should put us on course for 20.5k region. There is a longer term macro trednline that will prove extremely hard to break around this price and fully expected a heavy retrace. Ultimately there is a lot of positive news around BTC and the migration from FIAT to BTC is looking unprecendented at the moment, if it truly is deemed a hedge against inflation then it could well moon but we need to see some keey levels broken first.
Ultimately a lower low (below 17.5k) is still expected before the bull season fully gets under way and the macro trendline needs to break before getting a longer term bullish sentiment