Bitcoin formed 2 resistance area first one at 54000 and the 2nd at 60000. If first resistance area holds, then watch the blue arrow scenario. But if it didn't hold, then the 2nd resistance area will highly show another drop (black arrow scenario). In case the 1st area hold, then target is a new low for the move below 47000. bottom line: we have 2 scenario the 1st one is the blue arrow and the 2nd is the black arrow.