BTC: Rejected at resistance at 54891 and support at 51200

BTC: Rejected at the resistance at 54891 and the nearest support is at 51200.
51200 looks to be good support and BTC may move lower to 51200 for a bounce .
This bounce may provide enough gas for BTC to move to the next resistance area at 61435

Comment:

Things that can go wrong ?
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a) BTC can fail to bounce at 51200 which then paves the way for a move to 45k .
or
b) ELon Musk sells all his BTC for Dogecoin and BNB token sending the BTC market into bearish mode,