Folks,

Personally think the probability is higher to go lower than that we will go higher..
We see a bear leg in a BEAR FLAG / TRADING RANGE.. We are hitting support.
In my opinion it is a minor support level and we will test MAJOR support to see where we stand with BITCOIN .
Major support is the 2nd YELLOW line..

We have to see how the market will react to hitting $37.5K.. We will take a closer look than at price action..

Why do i think the probability to go lower is higher than that we go up?
Bonds 10 year yields have broken out of a bearish trend .. and is going higher now.
Inflation is still rising and the FED will be hiking rates in the near future.

When rates go up ? Spending and investments will go down.. Less transactions.
When another persons spending is another persons income.. You know what the economy will do.. Go down. Recession..