Hi traders, bitcoin is showing some sign for reversal. As you see price made breakout and is now making correction back to trendline, we are having ABC corrective wave in that correction so price can drop soon. So we are having few confirmations, higher tf is loosing momentum and needs to made pullback to gain strength. And price made breakout and is now trying to retest it. So i think that price can drop to around 44-42.000 area. We might see tap on 0.786. Stay patient and watch what price will do. Good luck!
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Price is making price action on lower tf, lets see if we can see nice breakdown now.
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there was small flag in the end that pushed price higher to 50k, now its trying to reject lets see