BTC retrace to 50k support before continuation of bullish trend.

BTC has recently seen a double top 70K indicating massive sell pressure at that price. The next price range that could provide support is possibly 50K-47K. This would put BTC at a roughly 28% discount from its ATH and would put in a new "higher low". Breaking and closing below these price levels on the daily chart will indicate sustained selling pressure and could quickly change market sentiment to extremely bearish.