Bitcoin is testing an important resistance area at around $48k. If this level holds, I would anticipate a move to the downside, potentially to the 50% retracement. I see momentum turning bearish on shorter timeframes and I think it is likely to pullback, however it is definately possible that we see a break through this 
48K level and see a breakout higher. However, from an elliot wave standpoint, it would make sense for us to see wave 2 before we surge higher. Good Luck!
Weekly Crypto Watchlist:
tradingview.com/watchlists/56906349/
48K level and see a breakout higher. However, from an elliot wave standpoint, it would make sense for us to see wave 2 before we surge higher. Good Luck!Weekly Crypto Watchlist:
tradingview.com/watchlists/56906349/
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