Bitcoin: Rebounded after hitting 48500/47500 P&F chart targets! Next targets are 53750 and 54500!

Bitcoin: Rebounded after hitting 48500/47500 P&F chart targets! After the major sell signals at 64000 on a point and figure chart basis, Bitcoin then hit 55000 and then 51500 and then 50250/48500 and then also the 47500 downside pointand figure chart targets! A great little rebound took place and then the buy signal on a point and figture chart basis was around the 48000 zone. Bitcoin hit the 51750 target, and now the next two targets are 53750 and 54500 and these levels are at trend resistance. Lots of resistance zones to get past here on a P&F chart basis!