BTC can find support at $48 0000 and make another ATH

BTC and most major alts saw a massive dump yesterday. BTC came down to that support level we had placed earlier and had a big pullback but then it retested the parallel channel as resistance and got rejected. It is currently trading very close to this support area. Like we said we would like for BTC to establish proper support here before we look at entering a long.

We do think that BTC can make another ATH if it finds proper support around this area. However if it does not find support here we will see BTC come down to retest the 41 000 dollar area as support.