Price retraced back to test downwards channel’s upper trend line. As long as it doesn’t penetrate it on daily chart (which I don’t expect), it should go up to $43-45k level. It’s possible it goes up all the way to the neckline (into $50s), but I am not confident of that. Either way it’s a bit dangerous rally, and I don’t have any good analysis on how long it will last, before we see a leg down to $20K or lower.
