Bitcoin is facing very strong resistance at 29k level, and trading in descending triangle testing top of the trendline followed with strong rejections. Everyone is hyped for BTC to tank to 48k. Opposite will happen.
Bitcoin likely is creating inversed head an shoulders on 4HR and likely to go up, and retest weekly 50MA in 47500 - 49000 Range before any major correction back down to 30k range.
