there was a clear break of trend with the initial sell momentum that dropped us from 53k to 43k. We have since reaccumulated and price has pushed higher. This looks like a retracement to me, I believe BTC has some legs for more downwards momentum all the way back to 40k and possibly lower.
I expect sellers to continue this new trend and be ready to apply pressure at 50k, it wouldn't surprise me to see a major news event coincide with this price action.
If I'm wrong, this is the last strong point of selling pressure. If BTC can break here we are headed towards ATH
I expect sellers to continue this new trend and be ready to apply pressure at 50k, it wouldn't surprise me to see a major news event coincide with this price action.
If I'm wrong, this is the last strong point of selling pressure. If BTC can break here we are headed towards ATH