From what I can sense from the charts,
BTC's bullish momentum is coming to a stop as market correction is about to take place.
There are two possibilities at this state
1) Consolidation where the price would be juggling between range 31500 and 48000. (Moderate probability)
2) It can go to bearish trend with marked white region being the swing points. (High probability)
3) It can force a sudden up move to collect the liquidity above 60700 and skyfall which is highly unlikely as it needs to reach all time high which is unlikely considering the overall economic situation.
BTC's bullish momentum is coming to a stop as market correction is about to take place.
There are two possibilities at this state
1) Consolidation where the price would be juggling between range 31500 and 48000. (Moderate probability)
2) It can go to bearish trend with marked white region being the swing points. (High probability)
3) It can force a sudden up move to collect the liquidity above 60700 and skyfall which is highly unlikely as it needs to reach all time high which is unlikely considering the overall economic situation.