Bitcoin potentially to $48k region

Bitcoin potentially to $48k region Bitcoin / U.S. dollar BITSTAMP:BTCUSD ewhite41 Bitcoin is currently inching towards to 70% levels of the Fibonacci retracement level. With that in mind, there is a high proability that we visit the 78% level as well. The Yellow box represents these levels. Price is also currently below the 20MA, 50MA & 200MA. There is currently $974 Million long liquidation orders if price reaches $48,500 level. This is very intensing for market makers to push price lower. On the flip side there are Billions on the 30 day liquidation chart if Price pushes back into the $60k region.

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