BITCOIN BTC Bearish Possibility, Not Much To See Here!

Has BTC exhausted its recent rally? Top has rounded and formed, Making lower lows and lower highs, Hitting key resistance, Has failed to sustain 50K, Momentum indicators divergent, and could be following my wave analysis for a pullback.

Still need to see price break 46.5k, 42k and 37k in my humble opinion. After that not much stopping it other than 23k and 16.5k

Just a simple idea analysis. Not much to see here.

Always be ready for any scenario!

Trade active:

As prices are cascading and capitulation in settling in, I think we are on course to reach our targets.

Trade closed: target reached:

Target was called August of 2021 and was reached November 2022. Since then price has bounced and ran up. Next area of resistance would be between 35k and 40k. We will need to see how price reacts there to analyze the next move. Happy Trading!