Bitcoin is sandwiched between major support and major resistance as shown in the zoomed out Bitcoin Daily chart. The probabilities suggest that price will see a little more downside, then break above the resistance trend line (shown in the zoomed in Bitcoin Daily chart). Price will likely head to $46,000 near-term. This thesis is negated if $33,000 (the low pivot support) is taken out to the downside. Mid-term, I still have bitcoin going sub $20,000 before finally finding a bottom, then long-term heading to $500,000+. I purely follow the charts and macro economic analysis.
