From the chart, you can see that bitcoin has been creating multiple clear impulses and corrections. We might be in an ABC correction taking us down to the 42K area where we can look for the next impulse up taking us to 75K.
The 42K also has major trend line confluence as well as previous key area AND 61.8% fibonacci! Multiple reasons why it would be the best place to buy!
See links below for other reasons why we are looking at the 42K level.
Nice chart though good stuff!