**BTC Failed to conquer resistance again?**
**BTC Failed to conquer resistance again?**
The formation isn't done yet but as of right now it is showing another rejection from $44k. This is similar to the rejections at $48k.. You guys know what happened next! A harsh rejection leading to further downside pressure! I'm seeing a $35-38k initial target if this happens.
If for some reason we managed to be above $44k today, it's a good sign but remember, we need to be above $46k to be bullish again.
*Pay attention to the downward channel and look at the support and resistance levels because so far price action is respecting them