Bitcoin has been manifesting in a Bear's cloak after failing to breach the wall at 51K. One bear flag later we find ourselves at the 48k levels and if you look at the chart you see the same pattern playing out again! Just a matter of time before the Bear comes back for you to slash into your side. What you do before this happens will determine how you recover from here. If the price goes down to the 45k level, we have a strong support zone which could actually take us back into the uptrend, but how we enter will determine the intensity of the ascend. I see 45k as the last low for bitcoin, the Bulls have got to come headbutt these Bears away!