The Latest Bitcoin Analysis in 2021 / 3 Daily Scenarios

The following three scenarios are based on the probability of occurrence in my opinion (from high to low):

1) Continuation of Current Trading Range:
BTC has been moving in trading range phase for more than 20 days. We have now 50/50 chance of BO.
Markets have inertia and wants to continue what they have been doing.

2) Bull Breakout of Trading Range and Bullish Scenario:
We had a Falling WG within trading range end of bear leg which got broken by bulls.
Bulls were strong enough so they push price above 20 EMA ( Moving Average Gap Bar ).
So current falling may be the last bear leg that tests the trend extreme and then major trend reversal.

3) Bear Breakout of Trading Range and Bearish Scenario:
Trading is game of possibilities and as we have more than 20 bars in trading range,
so 50/50 chance of breakout from each side. $40,000 can be bears target too.
I wish you all the best and I hope 2022 will be a profitable year for you.

**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...