This is the doomsday scenario for Bitcoin, if we fail to close a daily candle back above $52,000 then we can kiss goodbye to the expectations of higher prices this year. I simply don't see it happening.
The truth is that momentum on the RSI is once again falling as the price is increasing, this makes for a bearish divergence as seen when we hit Bitcoin's ATH. We had a huge correction that stung a lot of people who thought were going to infinity.
Based on lower support structures we could be heading to $9500 in the worst possible scenario as this is a high volume node where price has been stable in the past.
Pay attention to daily candles rejecting from the bottom trend line where we are at now!