If Bitcoin can not break 42k, 48k, and 50k, another bearish wave will happen. And I think the new one have more FUD. Altcoins will drop up to 70%-80% and for Bitcoin price drop up to 60% is probable.
Be careful :)
Bitcoin is trading in a triangle pattern now and I think it want to sidewalk and then It will break this trading range (30K-40K) and rise to its targets. I think targets for Bitcoin in long-term are: 60k, 65k, 72k, and maybe 100k. And strong supports are: 32k, 30k, 28k, 20k, and 10k.
For now, market is a little risky. Use Stop-loss and be patient.
I think 28000-44000 is a good region to buy Bitcoin, but in these 3 triggers and AFTER RETEST.
See on-chain data like Inflow/Outflow of BTC and USDT and other whales movements.
Don't use LEVERAGE and be patient and stay relax.
I think the bearish wave will not finish soon. because the price drop below 42000 and lost this key support. In 30000-38000 and between fibonacci levels 0.5 and 0.618 price can fluctuate and be supported. If the BTC inflow to exchange decrease significantly, this is the best zone to buy BTC and Altcoins, otherwise next support is 19000-20000.
note these signs:
RSI in daily time frame is in a downtrend channel
MFI is very low
Price is under a VERY STRONG resistance
Accumulation can be a prologue for a big pump
Price is in a uptrend parallel channel and did not broke
Alt-season will continue
Comment your idea :)