Hello traders, Bitcoin is still under sell-off pressure, now the price should soon adjust towards 40k and then back to 35-32k to finally try to break out of the falling resistance at 37k.
The second option is to continue the decline after failing to hold on to 32-31.5k towards 28k, at this level I would expect consolidations again. It would mean a longer stagnation ahead of us.
The price may not break above 48k until Q4 this year.
Good luck.