Fact:    Bitcoin from 69K to 45K = Bearish

As mentioned earlier, bitcoin reached to its 48k target then started the drop.  It is a perfect head & shoulder pattern set up as seen in a monthly-chart.

My personal view only:   Bitcoin is heading towards to its previous support at $32900.  While on its way down, it is not a bad idea to keep in mind BTC price can all of a sudden jump up to $51-52k simply because we are in the middle of the chart.  However, other than the meaningless price jump, there is one major target we need to watch is the $28k support.  If bitcoin happens to break that support, I can not think of anything else but retesting the 2018 all time high at $19k. 

Even bitcoin seems to be bearish at the moment, I start to see it is actually forming a bullish move in a MUCH larger scale that will shock the world!