On the above 2 day chart price action has printed 100% gain since September. A number of reasons now exist for a bearish outlook in the near term. They include:

1. Price action failed support.

2. RSI and MFI failed support.

3. Strong bearish divergence with price action. 10 oscillators price negative divergence with price action at this time.

4. The 72k forecast is the 50% Fibonacci level.

5. What will happen to overbought alt tokens?

Nothing good.

Is it possible price action continues to print higher highs like most Youtube shills are calling for? Sure.

Is it probable? No.$BTC #TokenReserve #CPIvsCrypto #LTC&XRPETFsNext? #BTCStateReserves #BTCvsInflation