There are 2 scenarios that play out over the next week or so.
We will see Bitcoin hold at $53k and then scale up the trend line. This will take it to ATH once it breaks through $60k.
OR
We will see Bitcoin break below $53k for some reason and in that case, it'll likely drop to $43k before finding support.
Keep a close eye on this as lots of people will be liquidated. Prices of all coins will drop fast. Great deals will be available for a short time.
Don't get caught being over leveraged until we have some confirmations.
We will see Bitcoin hold at $53k and then scale up the trend line. This will take it to ATH once it breaks through $60k.
OR
We will see Bitcoin break below $53k for some reason and in that case, it'll likely drop to $43k before finding support.
Keep a close eye on this as lots of people will be liquidated. Prices of all coins will drop fast. Great deals will be available for a short time.
Don't get caught being over leveraged until we have some confirmations.