BTC CHINA NEWS - Whats next?
Updated
Following our last analysis on Bitcoin, we were expecting a break or bounce scenario from the 
42K level which we pointed out. Price retested that zone perfectly and on it's way lower. The question we need to ask is where will Bitcoin stop?
From a technical standpoint, the 2 areas of interests are 30K level where we had a massive breakout end of January 2021; and the 18K-20K area where we have the major ascending trendline and previous structure (See chart update for higher timeframe analysis).
42K level which we pointed out. Price retested that zone perfectly and on it's way lower. The question we need to ask is where will Bitcoin stop? From a technical standpoint, the 2 areas of interests are 30K level where we had a massive breakout end of January 2021; and the 18K-20K area where we have the major ascending trendline and previous structure (See chart update for higher timeframe analysis).
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