Even many people believe bitcoin will break 50,000 and go to 42,000 soon. I believe bitcoin will reclaim the ascending channel soon (probably before the end of this weekend). The 53350 areas have been proven strong support several times. I wish it won't break that line.
The main reason is Tesla's earnings report is coming soon (next week). I think Teslas and...
From the fundamental perspective, I am still long-term bullish on Bitcoin. But the short-term correction is possible. I hope it doesn't break the red supporter line.