If we don't reach above 53000 in the next few hours and start moving down, we might be moving into a quicker down channel. You might think why am I avoiding a bulge going through it, it is because of the Elon Musk tweet that had happend there, if we ignore it we can see a line continue through it going down. And the downtrend of this will have a target between 47000- 44400usd as it lowest before we be able to move up again hitting a growth line from not the previous cycle but before it.
The reason why we are moving towards that line is that the previous large dip we started to go up far too early and now are correcting for it, before we can really see a move up.