BTC looks like it wants to reverse into an uptrend, and so far all of the technicals are in agreement. We have a consolidation area that was broken to the upside by an impulsive move. We have higher highs and higher lows, with small corrective moves. The daily 50EMA had been broken, but not retested. We are currently seeing a test of previous support area. If the 50EMA holds, we might be looking at a continuation of the new uptrend, with a test of the 52000 - 53000 area. A break below the 50EMA and the 42000 level could indicate further move to the downside, potentially all the way to the dreaded 2021 low at 28800.