Bearish Consolidation in Bitcoin
Updated
Bitcoin has plummeted since the last writing, testing the lower 30K handle as anticipated. We are currently seeing support from 
31K, but we appear to be forming a bear wedge or flag as BTC considers breaking 31K. At this point we are due for a relief rally, so don't be fooled if we see a price spike back to 32.3K or perhaps higher. We won't be back to bull mode unless we can break 34K at least and we still have 37K. We won't be out of the woods until we can solidly break 40K. How low can Bitcoin go? We will do a more thorough analysis later this afternoon, considering the historical prices going back to 2017, so stay tuned!
31K, but we appear to be forming a bear wedge or flag as BTC considers breaking 31K. At this point we are due for a relief rally, so don't be fooled if we see a price spike back to 32.3K or perhaps higher. We won't be back to bull mode unless we can break 34K at least and we still have 37K. We won't be out of the woods until we can solidly break 40K. How low can Bitcoin go? We will do a more thorough analysis later this afternoon, considering the historical prices going back to 2017, so stay tuned!Note
The crypto market appears to be ranging, trying to establish value, but unfortunately it appears we have not bottomed out yet
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