Similar to previous fractal from last week, here is my short-term worst case scenario with mid-term best case scenario: $20K by end of month but $30K by June:

Price is breaking below the 50 Day MA, to me it doesn't look like there will be the imminent breakout above $25K this month anymore, unless price is to close back above $23K in coming days (reclaim 50 DMA). With this breakdown, short-term bulls take profits and turn bearish imo. 200 DMA at $19.7K (trending slightly downwards) would be the next target after a failure to turn the 50 DMA into support post golden cross.



An initial bounce from $21.5K area, previous resistance turned support seems likely on the way down, as shown in fractal and below, but imo will be unlikely to reverse price back to $24K levels, maybe $23K at best instead (accumulation turned distribution zone). Unless there is a dramatic change by end of day, closing back above 50 DMA, then I'll be leaning bearish short-term, still bullish mid-term.



The last thread of hope for the bulls remains this bullish channel with higher highs and higher lows, as well as initial cloud support after bullish crossover. So while I do think price can find short-term support from here, I also think $23K (volume point of control) will act as strong resistance with the 50 Day MA now flattening out at this level to act as confluence of resistance level.

As a reminder, this week price was rejected by the 50 Week MA for the third consecutive week at $24K.