BTC short term BEARISH. Waiting for 43K.

Bitcoin dropped after Elon Musk published idea on Twitter that he is concern that Bitcoin is using too much electricity and it is not environment friendly enough. Anything has not changed with Bitcoin and supply is just getting shorter. Probably Elon Musk will buy more cryptos now. He is not a god, but he can move the markets.

Bitcoin can and most likely will drop to 0.618 Fib levels which is around 43K and after that quick recover and we are ready and confident again and bitcoin will reach new ATH!