Bullish Points:

There are more liquidations available to the upside rather than the downside.

Retail is buying puts hand over fist, and there is little reason to believe they will be allowed to expire in the money.

Dovish FOMC meeting was recent

The Max Pain sits at 40k, 4k above price. Price tends to move towards max pain rather than away from it, so it will tend to move upwards.

Twitter sentiment is still EXTREMELY bearish (even more so than earlier), which rather than ignition sends a signal of the bearish trend’s exhaustion.

All of the long liquidations have taken place already, and this tend to lead to a reversal.

Insider stock traders have MASSIVELY slowed their selling down, and are in fact buying the dip!

If we close this weekly candle red, it will be tied for the longest streak of red weekly candle closes of all time for Bitcoin .

The elliot wave count’s impulse down is looking complete and ready to reverse.

Bearish Points:

None that I am aware of.

That comes out to 9 points for the bulls and 0 points for the bears. The very very resounding conclusion here is that prices will be quite likely to rise.

Thanks for playing.