Bitcoin bulls seem to be painting a trap going into Fed announcement today and with many altcoins already painting lower highs this seems to confirm the case. If the downtrend channel is to remain intact and the bottom is going to be at the 13K macro cycle level which is needed to reset the whole structure then this is a possible route Bitcoin may take given that...
Bitcoin still trading within its downtrend range and is most likely going to follow the direction of the QQQ. major support exists at 30K with additional support at 32k, 31k, 30.5K and 29K with Bitcoin failing to test these areas as support but is likely to do so in the next few days.
