This doesn't look like anything other than the same trend as the past 2 months which is going sideways even though the range became bigger in the past couple of days. The significant level is still $40k and until it is broken we will continue seeing price testing it and coming down then testing it again.
bitcoin seems to be happier at the price that has occurred in the last few months, feels comfortable and very stable in the $30K-$40K range only and if it goes up past $40K it will go down again, as well as if it goes down $30K it will come back again. hopefully this can continue well before waiting for the momentum to increase.
40 may look significant to you but it's not. The real important level is 49000. Going back to 40 would only be the beginning and could quickly turn into a dead cat bounce which we still didn't see in this bear market. That is of course if it really is a bear market and not a correction in a bull market.
Going to 50000 and falling back to 30 would be a pretty normal fakeout so don't get your hopes up for a new ATH until we stay above 50 for a few weeks.
yes, it could be that what you are saying is something that bitcoin has been waiting for but until now bitcoin has not seen to increase to the crucial figure of $49K, so there is an opportunity to continue to increase again.
but it will happen and it still needs the momentum that bitcoin is waiting for, well now bitcoin is stable at its price which is already quite stable. sure when the increase will occur hopefully it can be fast. but what is certain is that it will happen at the end of the year and that time is still long enough to arrive at the end of the year.