What Bitcoin price levels will invalidate the short-term bearish scenario?

The price of (BTC) is continuing to range between $48,000 and $51,000, unable to break out of the $51,600 resistance level.

If Bitcoin struggles to surpass the $51,600 resistance area in the near term, technical analysts say the probability of a correction rises.

4-hour price chart (Binance). Source: TradingView
Whale cluster levels. Source: Twitter/@whale_map