Weekly Bearish Engulfing Bearish 5-0 May Take Us Down to 12K

It's not completely hopeless for the bulls yet but from the looks of things on the charts it seems way more likely that BTC will see 12.5K again rather than it seeing all time highs anytime soon. The Weekly Bearish Engulfing makes the perfect rejection signal at this Pattern Completion Zone.

I think we just spotted the trend reversal.