Bitcoin is creating a W pattern candle stick on the Daily chart till now it has saved the previous 56,400$ Resistant level , we have 2 scenarios

First it will go up to 70k level but it will take time like the previous deep which happens

Second scenario it needs to go much deeper below 56,400$ so that it can create a new all time high

The second scenario is most likely to happen

Always take a look from a large scale chart 1 day and above , this gives you clear vision to candle stick pattern