If you read my analysis you noticed that I am bearish Bitcoin, and the price evolution did not disappoint me... Taking a look back, after Sunday's drop, BtcUsd traded in a range with gains very well capped around 57k and, at the time of writing, this consolidation is broken to the downside 50k is an important psychological price for bulls and a fail to sustain it would result in a steep drop At this moment resistance is around 53k and, in the event of a rebound, this could be a good opportunity to open short trades Only Bitcoin above 53 would delay this bearish scenario and would put Bitcoin in a range trading state (Not Bullish!!!)
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