Bitcoin is currently experiencing relatively orderly range fluctuations, with demand rebound at the bottom of the range, forming a small double bottom. The momentum is still quite strong; as long as it doesn't break below the previous level, the bottom of the range is a reason for bullish buying. If it tests the top of the range for the third time, and if it is a strong consolidation, the probability of a breakout will be higher. Bears will short after showing weakness or after a failed breakout.