Bitcoin has lots of resistance around 20 on . So in the coming days it will move toward that level and if rejected it will come down to the Support 1 which is 300 on the . It will again move up to test the 20 and it will fail and make a triple top which is a reversal and it will fall to 1200 .
Also monitor the on as we have resistance around 47 - 50. It will also make a triple top on the daily .
So here is my Prediction:
1. Moves up to 20 and gets rejected
2. Support at 300
3. Move up again to 20 and gets rejected. (it will also make a triple top reversal pattern here)
4. Goes down to 300 support and also the death cross will happen around this time.
5. Then on panic selling, it falls to 1200 .
If it is able to clear the 20 , then you can go long for the 50 level which is around 9400 and it will be rejected there for sure as per the present market conditions. Go long only after getting enough confirmation. There could be false breakouts.
But due to the fear of an impending death cross, it is not likely that the bulls will be able to do much.
If the 300 support levels are broken on the , then it will be fall to the 1200 (3800 - 4000) which is the best place to stock up on Bitcoins . From the 1200 fall it will move up to the mean of 300 and will start the life all over again for the next Superstock Rally which will take 2-3 years :)