2 scenarios either the forming breakdown the uptrend line and we go down to 0.5,
or Bulls takes over and we will be back progressively to a new ATH overcoming on the way the major resistances.
However Buying volumes have declined a lot since last ATH in January, and we can see that bears struggle to pull down below the uptrend line despite several attempts.
I would favor the bull scenario but we have to wait for a confirmation (breaking up the small ).
Goldman and sach publication aimed at lowering the cryptomarkets, annoucing that BTC can falls below 6k.
Despite their influence, Bulls contains pretty well bear pressure that fades along the time...Execpt if whales enter in a nasty game the uptrend line will continue to protect the bull reversal.