BTC has nearly reached the weekly R1 pivot point and the top of a channel. There's a chance it could muster another small pump up to $49k but then I think we'll head back down to retest the $38k support. It's also possible it could bounce off $41.5k and resume upward action, but I think we'll be in correction territory for at least a week starting soon.
Comment:
I think the most likely scenario is retesting $36k - $38k, ranging for a couple weeks, and then pumping big.
