According to the "Parabolic Curve Step-like model" and also to the fact that #Bitcoin has just entered the post-halving period, we will most likely see 1 or 2 more spikes to the upside.
I'm sharing my short-mid. term idea about #Bitcoin price action. Basically having a drop from the weekly level to fill-up some volume, creating a higer low and run up.
* not an advice, it is just what I will be looking for.
On my indicator - "Four Sages" we could see that Bitcoin has not being able to break back above "Raito Burū" so far.
This line (light bue) is the main support in a bull market and the price must hold it in order to continue upwards ! Closing the week below it again will be a bad sign.
Currently "Dāku Burū" is holding the price and that's critical ! Going below could result in a drop to 52-53K or even lower.
Let's see if the USDT dominance will make a lower high not breaking the level where it got rejected, because breaking above will also be a confirmation of a larger correction.
There will be about a 15-20% move that resonates with Bitcoin at 52K or 47-48K