Bitcoin is still supported by 47K support area, What's next?

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Bitcoin Short term Analysis

The whole market is bearish And this condition persists as long as 53000$ which is a game changer area is acting as a resistance! we need to see the breakout of 53000$ and stabilization of the price above that zone.

It's expected to see Bitcoin movements between 53000$ and 47000$ UNTIL one of them be broken. and its important to say that according to market condition, Losing 47000$ is more likely!

If we lose 47000$ level, We have 44000$ and 40000$ support levels.

Penafian

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