Bitcoin's Second Bull-dump Correction

By alarreal
Updated
2-25-21: I expect price levels to go back up to 56k and then drop back down to the 42K resistance level, a drop below 40k seems unlikely.

Bounce off of 42K to test resistance at 58k, then go back into price discovery mode.
Comment
UPDATE 2-26-21: We've broken below the 20D MA support, we'll need to close above 50k to see the retest of 54K-54K levels. But it looks like we might skip that and go straight to testing support on the 50D MA.
Trend Analysis
alarreal

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