For me, Bitcoin is now at a price of $61,500, a profit-taking zone and not a buying zone at all, even if the price rises another thousand or two thousand dollars, and this is a weak possibility at the present time. It must be corrected and not close weekly below $52,000 to continue the rise. Otherwise, it is an upward trend and has ended.
I can give you a short trade on Bitcoin, but I prefer to explain my point of view, and what I see on the chart is better for me. There is now a double top pattern, a double top, and this comes at the end of the rise.
Or we wait from here for Bitcoin to move sideways for a day or two in order for liquidity to move from Bitcoin to alternative currencies and for excellent increases to occur for most currencies. This is the scenario of the second scenario, a somewhat violent correction to the $53,000 area.
