Long term (5+ years), #bitcoin is always bullish. Short term (3-6 months), I believe we will keep sliding down. Medium term (1-2 years), I see a continuing downtrend until the end of the year, then we seem to be getting back up to ~$50K. Let's take a closer look.
Current #bitcoin price action is fundamentally determined by four support/resistance levels: $20K, $29K, $43K and $65K. The $43K support was lost on Jan 20, and we remain in a downtrend, fighting between $29K and $43K. 
Very soon we'll come to a head with the downsloping trendline that started on Nov 16.
Switching to the 4H timeframe, it seems that this can easily happen within the next 5 days. A similar breakout attempt at the $43K resistance last week was quashed quickly. Price action looks more hopeful this time.
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