$BTC After peaking at 126195 on Tuesday, BTC fell abruptly to 120545, a psychological price overnight.

It bounced from 120545 yesterday morning, but cos of dropped in its volume, it managed to defeat the 123200 resistance but unfortunately, fell to the engulfing hands of 124000 resistance.

It fell and now around 121500.

In the penultimate drop, the 200MA on 1H was skipped but now, it is waiting to support BTC just as the 50MA on 4H is holding prices from falling.

It Moving averages lie on 121475...that is where focus should be presently for a bounce that could take us back to ATH... however 125000 will need to be contended with first on that journey.

Failure to bounce on that price(which I doubt), will take us back to the bottom 116k-119k.

Be safe guys!!!