**BTC Failed to conquer resistance again?**

**BTC Failed to conquer resistance again?**

The formation isn't done yet but as of right now it is showing another rejection from 44k. This is similar to the rejections at 48k.. You guys know what happened next! A harsh rejection leading to further downside pressure! I'm seeing a $35-38k initial target if this happens.

If for some reason we managed to be above 44k today, it's a good sign but remember, we need to be above 46K to be bullish again.

*Pay attention to the downward channel and look at the support and resistance levels because so far price action is respecting them