I see the following:

- the price rose a lot until the resistance that is at $52500 and as it didn't manage to break, it fell a lot to another strong support which in this case would be the support that is at $42000

- if the price does not break the support which is at $42000 then it will try to break the resistance which is at $52500

this is a cycle, if price breaks $52500 it will keep rising until it has strong resistance, if price breaks $42000 it will fall until it has strong support