📉💔 BTC Rejection at $45K: Bears Eye $26K & $16K Next 🎯🐻
Bitcoin, just like gold, silver, and US30, has reached a significant resistance area on its 3-week chart $45,000. This means that the current price level has historically been difficult for BTC to break through, and there may be increased selling pressure at this point. It's important to keep an eye on the price action around this level to determine whether BTC will continue its upward trend or experience a pullback.
TOTAL MARKET CAP 3 WEEKLY: We also see Total market cap reach resistance point.
https://www.tradingview.com/x/uxYuW2kC/
Grayscale Bitcoin Trust: Grayscale is the world's leading crypto asset manager by assets under management. We can see their holding track has also reached resistance.
https://www.tradingview.com/x/F2DIBieU/
It seems that all of this is not happening as a coincidence. I believe it is time to short BTC.
TOTAL MARKET CAP 3 WEEKLY: We also see Total market cap reach resistance point.
https://www.tradingview.com/x/uxYuW2kC/
Grayscale Bitcoin Trust: Grayscale is the world's leading crypto asset manager by assets under management. We can see their holding track has also reached resistance.
https://www.tradingview.com/x/F2DIBieU/
It seems that all of this is not happening as a coincidence. I believe it is time to short BTC.
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