If we're going to reverse this trend in the short term, I'd wager that this double bottom is a good potential spot for it to happen, and it might take us to the heavy resistance zone in the low 23k range. This is just a short term idea for the next 12-24 hours or so, not a prediction of an overall trend reversal to the upside, I think a revisit ~$18k is easily possible... But it's a tricky market to read right now, it's very split. I like simple ideas in times like these.
The double bottom lost steam fairly early and we continued to range. But now BTC has bounced off the support 3 times, and formed a new triple bottom, which is sometimes seen during trend reversals. Volume flow looks nice, RSI support, perhaps we go from here. BTC showing a bit of life in North America's early hours.