Powerful Decline Could be Underway

My prior BTCUSD post noted a short-term trendline that the bears needed to break. Not only has this short-term line been broken, but also a larger trendline. Chart support at the prior decline was also broken. Daily Stochastic is only in the early phase of a bearish lines crossover. Daily RSI is still not in the oversold zone.

This dramatic break through could be just the beginning of a rapid and strong decline. Next downside target is in the 32,000 area.

Mark