Bitcoin taking a breather here and trying to reverse back upward. There is still a possibility for BTC to correct itself all the way down to $40,000 and find support on the 200EMA. Currently, BTC just bounced above this Demand/Psych zone at $50,000. This could possibly be due to previous buy orders finally getting filled from earlier but it does not mean BTC is out of the woods yet. It needs to hold above this line and continue to now break old support levels which will now be, new resistance levels.