So, I was looking at bitcoin this morning and I'm back to being on the fence. After what happened with Gamestop it will make things very interesting when the stock market opens. On top of that BTC has been going sideways for a while now. Trade volume has been low also. The large supply of stable coins tells me that people are sitting out for a wait and see.
Bitcoin could take off tomorrow. If it does it will have to test new highs. If it breaks and has support, you could see it jump to 50k this week. Or, it will continue to go sideways and continue to test new low levels of support and the breakout will be in a couple of weeks.
@High kev I'd say watch the market tomorrow morning. If BTC starts to move, it may be ready to run again. Remember, this is all guess work on my part. Basically, a lot of people are sitting on the sidelines at moment wondering the same damn thing. But, with the level of stable coins currently out there people will pounce.