Since our last update nothing much have happen other then what we described which was for Bitcoin to test the range 31200-30000.
As we can see in the beginning of the candles in the picture below is that we started getting higher highs and higher lows before we went to a downtrend channel where we started to get lower highs and lower lows.
As of today we expect Bitcoin to go below the 31200 support, but there is also a high probability that we will have a BULL TRAP before we eventually go below 30000.
That said, 30000 have been a very strong support zone. So no one knows for sure if the BEARS will have control under 30000 but as of know our technical analysis is pointing on Bitcoin testing lower support levels.
First in line PIVOT S2(30659) and PIVOT S3(29242)
Stay tuned for our next update!