Volumes point to further downward pressure and a possible breach through the .
While bitcoin remains a valuable, however, contentious asset, the strength of the USD has also played a significant role in price declines
The Fed is expected to continue hiking through 2019, this contractionary is likely to create even greater risk-off impetus and continue the unwind of the carry trade which has occured post the financial crisis.
Expect more dollar strength and a shift to less risky assets as disposable income comes under pressure.
We've seen a long corrective pattern from the end of the 5th wave in the feb downtrend. Generally this is considered a corrective pattern.
Expect the next breakout to be largely decisive with greater likelyhood to the downside.