BITCOIN: Massive SELLING PRESSURE Will Unfold at These Zones!

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BITCOIN: Massive SELLING PRESSURE Will Unfold at These Zones!BitcoinCRYPTO:BTCUSDVincePrinceHello There, welcome to my new analysis about BITCOIN. Major market players have already increased their bearish selling pressure over the recent times. The BITCOIN selling pressure could unfold at any moment with major holdings being dropped onto the market. Right now, I have spotted the important signs we need to watch for in this whole market dynamic. As when looking at my chart, we can watch there how BITCOIN trades within this prolonged bearish descending trend channel. The upper distribution area is a major bearish area that has been the origin of massive bearish selling pressure already several times in the past. It is highly likely that a drop-down from this area happens again once BITCOIN visits it. The most important formation in this whole structure is this pivotal bear-flag formation. The leading final wave points directly into these heavy bearish resistance zones. The massive resistance cluster consists of several bearish resistances from which a pullback to the downside is inevitable. Once this happens, a breakout below the lower boundary is going to finalize the bear flag. By finalization of the bear-flag formation, BITCOIN is going to activate the lower bear-flag target zones as shown in my chart. It also matches with the lower accumulation area. In recent times there is also already a lot of bearish selling pressure with large funds increasing selling, this means there is not much time left till the bearish pressure unfolds massively. In this manner, thank you a lot for watching! The support is highly appreciated. VP