This market needs to move forward. It is time. We had a needed correction for a few days and that should be enough.
To get to 100k by time of halving, the market needs to conquer a few resistances before price discovery.
The structural resistances from historical price action center around the 59000 mark, and the all-time high at or before 69000.
The market just took out the top trend line of its trading channel from November 2021, but it has not crossed the 23.6% Fibonacci trend line yet. It is parallel to the channel, just a few dollars above the channel, and is really the stronger line that has defined the upper bound. The recent market high, was in fact limited by this line, clearly. The line is now at about 53200. The next line up, the 38.2% is around 72000, also a good goal for the near future.