Bitcoin Macro

The bears are clearly in control. We have more room to go to the downside. Unmitigated Weekly Demand 52700-50500, If the price approaches this zone in the future, there is a possibility that it could act as a strong support level and hold against further downward movement. Buyers "should show up" at that level if they fail to defend it BTC will more likely test the 43000 area. BTC made a healthy pullback, we need to pay attention to those two zones and see how traders will react .