#BTC dump to 42K is not good for short term to medium term as | Coin Bureau Insider

#BTC dump to 42K is not good for short term to medium term as it breaks critical support level of 50K. We are looking forward for bullish short term conditions but seems now 50K is another big resistance and it can reject from 49k/51k once again to go down badly below 40K to 36K/32K levels; which is also a making of M pattern. This concern was also raised on 28/29 november that #BTC can do sudden quick brutal corrections but this time #BTC deceives by Pumping up / dumping down within 53k to 59k region many times and made the move on very unusual time frame to downside, breaking 50K critical support and dumpped to 42K and now trading around 47k/48K region. If it is rejected again from 50k resistance zone then its going to hang around 40K and lower price numbers are more probable to come first. so be careful with your holdings and have sufficient funds in usdt to buy back after market is stable. It will come back but it will take some time now. only condition to turn bullish is rally to 60K and closing above to continue trend but it has less chances and more probable consolidation at lower levels after ripping off traders and then make a move to upside gradually over period of time.

@CBinsiderDeals