Bitcoin has tumbled recently, testing levels as low as $45K. Even though this was swiftly bought back up, it is not a good sign for Bitcoin, because previously, $48K was holding strong, and thus we are seeing lower lows, a bearish sign. The psychologically important $50K level is now providing resistance, and we've rejected it for now. It does appear that we are seeing support at $48.2K, which was once the hard lower bound for BTC. From here, we should at least come up for air and feel out the current range between $48.2K and $50.8K. Be mindful of the vacuum zone down to $46.2K
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