Outlined by the trend line, and as soon as the price broke below it the Bears have jumped into the driving seat and pushed the price down, creating yet another Lowe Low on the chart.
There is still some hope left for the Bulls, but they need to step up their game because the window of opportunity for them to turn this market around is closing in on them and if they fail to take it, then BTC could find itself down at the low 40K area.
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