Possible scenario for Bitcoin going forward...

Bitcoin surged to $45k early this morning, but is now likely to retrace a bit.

Nothing goes straight up and that is most definitely true for bitcoin.

Every time it goes up it retraces all or most of that move.

Which means, something like this looks likely on our path to about $50k:

(Source: https://twitter.com/cryptosheikh01/status/1498582330453430273/photo/1)

There are two possible ways we get there... which one will it be?

As long as no black-swans come out in the coming days/weeks we should be making a push for $50k.

There is a real risk for black-swans though...