Bitcoin has been forming a triangle over the last two weeks and appears to have resolved the pattern on the downside Friday. It is most likely that the price is going to plummet from now because triangle exits are known to be swift and of high amplitude. There are two possible scenarios: #1 price retest the 29500 support and the fifth waves is truncated, forming a bullish double bottom pattern. #2 price goes all the way down to 20K to the channel support. We would need bad news for this to happen, more than just Elon Musk tweets. I doubt it would go all the way there without any major catalyst. Let's watch this unfold!