Short

BITCOIN PRICE PROJECTION

By PrateekKumar

Updated

I strongly see the wall as stiff resistance as prices continue to struggle to climb over it'
A fall back to 35000 can be a possibility

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46766 a crucial support level may be punctured in couple of hours from now.

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At 49907 CMP : We are witnessing a chance for fresh short or add to previously held short positions

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Prices creating reversal wedge pattern in between 48000-51000
The bull resurgence may soon run out of fuel

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The range of 46000-51000 will eventually prove to be a lot lethal for bulls then they ought for

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Here, comes the reversal from 50000. As price fall off the "diamond pattern"

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Prices and Volume are at divergence over daily charts ,strengthening the case of bearish reversal

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Prices forming trend continuation patterns over hourly charts.

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47000 has established itself as an immediate resistance

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