1. **Retreat to Support**: The price has pulled back to around $49,000 before starting a rebound. This level was previously a strong support.
2. **Retreat from Bottom**: The current rebound may indicate that there is buying momentum, as the drop below $49,000 was strongly rejected.
3. **MACD Signals**: The MACD is still in the negative territory, but there is a beginning of convergence between the MACD line and the signal line, which could be a positive signal if the uptrend continues.
4. **RSI**: The RSI is at around 45.70, which is not in the oversold area but close to it, which means there is room for further upside before it reaches the overbought area.
### Potential Targets Now:
- **$57,500**: It represents an initial resistance level that has already been reached.
- **$61,635**: Stronger resistance level as it coincides with the EMA-25 line.
- **$64,714**: Long term target in the short to medium term.
If the current momentum continues and the technical factors remain positive, we may see an attempt to reach higher levels as I mentioned earlier. However, it is important to be aware of the possibility of bearish bounces if the price faces strong resistance at any of these levels.
