As we can see a butterfly pattern was formed(this is a major trend reversal figure) and the price failed to maintain above new support.
therefore sellers must have take control over price action. Now buyers must close at loss, for those entering at the break of ATH. or take their profit, for those who entered at a lower level.
this will push the price to fall further
adding to that there is a big bearish divergence confirming that price could know a strong drop from this level.
we could see price as lower as 25k is bulls don't defend the price reversal zone drawn at 44k lvl
therefore sellers must have take control over price action. Now buyers must close at loss, for those entering at the break of ATH. or take their profit, for those who entered at a lower level.
this will push the price to fall further
adding to that there is a big bearish divergence confirming that price could know a strong drop from this level.
we could see price as lower as 25k is bulls don't defend the price reversal zone drawn at 44k lvl