As you see, we broke the trendline but failed to stay above it. Now we see bitcoin trying to get above it, but we failed. I think we can see a pullback to the 55k range, before we will try again to break the big resistance.
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Why 70% chance up? That is because 53400 is proven to be a solid support. And next to that, as you see in my wyckoff chart, you see that the distribution is nearing the end. We can see the 53k, but i expect a big bounce from there.
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however, its not a must we see 53k. I have always a bit a 38k feeling for 53k. Everyone was screaming for 38k end september, but we just went up. That can happen now too ofc. Lets see! Enjoy your day.
Reaccumulation has been pretty short until now - perhaps too short for an impulsive move up.