BTC ranging

I know some of you are panicking. Hence this is why I am doing this post, LOGIC before emotions.
Bears are trying to take control. Every time BTC is trying to recover, volume is low and do not follow the prices up. However, when bears push BTC down, volume increases, but when support is approached, volume spike, and the spread of the candle diminish dramatically. This means bulls are defending the supports well, exhausting the bears, and new players are also buying at these low levels. DO NOT PANIC YET. BTC looks healthy locally still. We are ranging sideways, which is one of the best things that could happen to BTC. This means that there could be accumulation in progress for the next leg up. I have highlighted the supports (pink) and the rectangles in the chart. BTC is forming a pennant and also a rectangle pattern.
NOTE:
If you are not in yet, wait for a breakout of the support/res to enter. When the breakout of one of the two boundaries happens, the price will follow with a minimum objective of 5%. In my personal opinion, we will go to 52500 at least. Stoch rsi is oversold on the daily, 4h and 1h. RSI is entering the oversold zone in the 4h and 1h timeframe. So I am waiting for the upside breakout.
Let me know what are your thoughts on BTC right now.
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