BTC broke the bottom trend line the other day, trading below the 20 and 50 EMA (A crossover of the 20 below the 50 may happen in a few days and is typically viewed as bearish). Listed are some of the key and potential support levels, fibonacci, 100 and 200 EMA and price peaks over the last few months. Not sure exactly where price support will come in, but potential buying opportunities will be present for mid to long term holders.
Comment:
Forgot to mention that the Heikin Ashi bars are in the red to add to the bearishness.