Bitcoin is testing an important resistance area at around $48k. If this level holds, I would anticipate a move to the downside, potentially to the 50% retracement. I see momentum turning bearish on shorter timeframes and I think it is likely to pullback, however it is definately possible that we see a break through this $48k level and see a breakout higher. However, from an elliot wave standpoint, it would make sense for us to see wave 2 before we surge higher. Good Luck!
Weekly Crypto Watchlist:
www.tradingview.com/...watchlists/56906349/
Weekly Crypto Watchlist:
www.tradingview.com/...watchlists/56906349/
