Hi friends hope you are well and welcome to the new update on Bitcoin.

On an hourly time frame, Bitcoin has broken down a $20800 support, now there is down trendline support if it will be also broken down then BTC can drop more.
On a weekly time frame, history shows that after breaking down Ichimoku cloud Bitcoin tests the 200 simple moving average and starts the next bull run. If this time BTC repeats this action, then soon a recovery rally and then a long-term bull run can be started. For more details, you can watch the video.

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