As per my analysis. Bitcoin has sort of done with its great downtrend which lasted for more than an year. But this doesn't means that there are good days ahead. As per my analysis bitcoin has now become range bound. Which means it might continue to travel into a sideways trend until a big momentum arrives which pushes it upwards. As of my analysis range of $3300 to $4500 would be the new see-saw for bitcoin and once we reach either edge of this range with a high momentum it is difficult to say it will break it.
$4500 seems like a very odd choice. we've been consolidating below $4200-4300 for 3 months now. if we break above those levels, there's gonna be a big short squeeze as all the bears buy back in. that'll be a much bigger move than $200, so we won't stop at $4500.