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possible out look if we are to make another correction leg towards 40K

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we will be retesting 50k to 52k area

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are we goin to touch 40k first or 55k?

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either way we are going to retest 50k-52k area

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we see that the 0.618 level of the trend-based fib extension has been perfectly hit and with divergence in the RSI bitcoin should retest the previous ath to be able to move towards the next target at 58800

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looking at the ascending wedge formation and the divergence on the 4hr unleass strongly break 1930-2000 range upwards we will see a break down of this wedge towards 1400 support area

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we have had a uptrend from 29k and we have riched critical fib-extension levels begining from the low 3500, we most likely will test the previous ath at 42k and I would expect it to even make lows towards 38k as well