Bitcoin has difficulties to break the correction range (red rectangle) and turn into local uptrend.
Until price closes below $40500 there is no way to say, that price trend changed to uptrend.
Possible scenario: for 1-2 weeks investors will be kept scared; low fear and greed index; price oscillating between $30k - $40k until we reach grey downtrend line, that will probably push the price to $30k level, keep it for some time and then change the trend to local uptrend.
Until price closes below $40500 there is no way to say, that price trend changed to uptrend.
Possible scenario: for 1-2 weeks investors will be kept scared; low fear and greed index; price oscillating between $30k - $40k until we reach grey downtrend line, that will probably push the price to $30k level, keep it for some time and then change the trend to local uptrend.
