Bitcoin is in the latter stages of a corrective phase. Once we get to the 48k area it finishes multiple patterns adding in the fact that since the all time high and low on Jan 24 BTC has not been able to make a 382 @ 46675.
This is not a bullish scenario, We also have 2 ABCD patterns running into the same area. It will find it hard to get through this area, but if it does get through there and above 50k that might be it.
The Total Crypto market cap is looking at this same correction for a move lower as well.
Maybe a geo-political event to send everthing lower one last time.
Interesting few days coming up.