$44k will be Bitcoin’s next resistance.
Bitcoin failed to break above $44k this week signalling to traders that a drop in prices was on the way.
After rallying from $38k lows through November, Bitcoin reached $42k and continued to climb to the surprise of bears.
Reaching $44k Bitcoin stalled at the resistance and has begun to fall. The next stop for Bitcoin may be $37k before another rally.
Chart analysts predict Bitcoin will charge to $55k+ after touching its previous resistance at $38/37k, making it a new support.
After mass liquidations on Bitcoin’s move upwards, $860 million worth of Bitcoin has now been transferred to crypto exchanges as Bitcoin begins its selloff.
