Start of small correction for BTC?

Told you - when people far from trading start to share news about Bitcoin its a 100% signal it will go down 😂 Because rule #1 is SELL the NEWS.

Now BTC is under 48k resistance and near lower trendline and we all know that trendlines are not SR. Never rely on trendlines as support/resistance even though they often pretend to be it. They are trendlines. And because so many look at them as SR they often get violated with long wicks to crush those stops. If you see price approach the trendline its doomed to fall lower to ~45.3k.

For BTC to continue growth it should close week above 47k. But as it lose momentum now it seems that nearest 2-3 weeks can be spend in retracement to 40k before it bounce again. It will be small correction, and if it stop around 40k it will give enough potential for 100k by the end of this year.