Here is what you need to know. Bitcoin has two strong uptrend lines up support, and 1 strong downtrend line of resistance. Best case scenario, we stay in the longterm, sideways triangle depicted in the chart, or possibly break to the upside in the middle to end of October.
Worst case scenario, we retest the bottom trend in October around $40k again and fall to the $28k-$30k support. Right now, we are in limbo waiting on a number of external factors.
I’m going to lean Neutral for this week, as I want to see if Bitcoin can maintain a strong support level and uptrend. Any new buy-ins should be done with caution. Over the course of this Fall, I would be surprised if Bitcoin didn’t rally higher!