$BTC is currently consolidating within a descending triangle and is trading within an important horizontal support area. We may see a bounce from this area.

However, the movement of #btc below the 50 and 200 EMA is negative. I cannot say that the current support area is very reliable either. Therefore, a drop to the $49000 support would not surprise me.

I have indicated the important levels for #Bitcoin on the chart. Please do not forget to do your own research and stay away from leveraged trading during this process. Good luck.