Please see my idea above and let me know your thoughts in the comments and please leave a like. I think if we can close a weekly in the cloud, we will resume our uptrend pretty sure. with 27k this years cycle top.
See my chart.
we started the last bullrun, when we had a bullish div on the weekly if we make a lower low to 6k region that would be super bullish and we would have again a bullish divergence to start btc bullrun. weekly rsi ticked down already.
weekly close is IMPORTANT! Anything below this weekly S/R is bearish and we likely head to 6.4 and 5.5k.
Chart is self explanatory. Compare the both fractals of 2016 and now. We have entered a new bullrun and are about to test the weekly 21EMA, that has always been respected in a bullrun.