I am not ready to sell my bitcoin because I know its price will increase back, I do not mind if it will take time but I know it will increase back. But recently the price of bitcoin has been decreasing, before it was at a resistance of $60000 but now it is at a resistance of $55000. I am thinking bitcoin price may never increase for now back to above $60000. The support is strong at $50000 and bitcoin has not falled to the level at all but is this not the begining of the bearish market?
if trading people use support and resistance but others tend to use order blocks which are either bullish or bearish and seeing how price has been behaving its safe to say that price has moved into the bullish order block which means we should be seeing a pullish to the upside away from the $50000 support zone and maybe we should see 70k come next near.