🚀#Bitcoin price update!📉

- Today's action: bearish🐻

- Price dropped ~10% before rebounding from $40K support level📊

- Next significant resistance level: $48K🎯

4-Hour Chart:

- Double top pattern around $44,500🔝

- RSI trending downwards, not yet oversold📉

On-Chain Analysis:

- NUPL metric in Orange region🟠

- Indicates strong bull run & potential for more bullish rallies📈

What are your thoughts on the market?💭 Share your predictions in the comments!👇 #DeFi #Web3