No doubt in my mind bitcoin is long-term bullish. Short-term however can go either way.
Path 1: Short-term bullish if price can break above 61k. Avoid short-term pain, but sacrifice higher long-term bitcoin price this cycle.
Path 2: Short-term bearish if price gets rejected by resistance and breaks below 47k. If price breaks below the 21 weekly EMA, next area of support is around 35k. This path will lead to an even higher bitcoin price this cycle, but will hurt many.
Path 1: Short-term bullish if price can break above 61k. Avoid short-term pain, but sacrifice higher long-term bitcoin price this cycle.
Path 2: Short-term bearish if price gets rejected by resistance and breaks below 47k. If price breaks below the 21 weekly EMA, next area of support is around 35k. This path will lead to an even higher bitcoin price this cycle, but will hurt many.