This is still a BULL MARKET

Let's review everything that happened from 18 APR:

Bitcoin lost the support at 59K so we dropped to 56.7k which was the most important support level at the time.
We all expect a bounce from there but the price directly went below there and turned it into the major resistance.

Every attempt of reclaiming 56.7k resulted in a lower high and a lower low, until we broke our temporary support at 52K last night too.

The next support in line is 46K and this one could be the possible low of this wave.
Weekend is coming so the market is going to be more vulnerable.
Thus, something like my drawing on the chart is possible this weekend.

IN SHORT TERM IT IS VERY UNLIKELY THAT WE GO ABOVE 64K, but the market is still bullish so give it time.

follow my next idea to understand why we are still in a bull market.