Major Flush Down’ Incoming for Bitcoin,

I think there are some significant warning signs that people are ignoring right now. There’s a lot of complacency in the market and a lot of people are not prepared for a major flush down that could very well play out here over the next week or two.

Every single time we’ve come up here towards around $71,500 to around $72,500, this has been a range where we constantly get shot down.

the rejection that Bitcoin is facing at the level just below the all-time high is an indication of the presence of heavy selling pressure.

So that is a very big warning sign here that there are tons of whales – it’s not one player, most likely it’s probably a lot of participants in the market, who are offloading positions here, taking advantage of that ability to sell at a much higher price range.”