BTC has nearly reached the weekly R1 pivot point and the top of a channel. There's a chance it could muster another small pump up to 
49K but then I think we'll head back down to retest the $38k support. It's also possible it could bounce off $41.5k and resume upward action, but I think we'll be in correction territory for at least a week starting soon.
49K but then I think we'll head back down to retest the $38k support. It's also possible it could bounce off $41.5k and resume upward action, but I think we'll be in correction territory for at least a week starting soon.Note
I think the most likely scenario is retesting 
36K - $38k, ranging for a couple weeks, and then pumping big.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.