Capitulation continues. The downtrend line continues its march lower, where 30k becomes the new support. Still the bull market believe it or not is still in affect. The markets being spooked by regulatory action by the United States and China caused panic selling for good reason. Personally I view a 'decentralized' currency as something that should be heavily regulated by governments. However, given bad actors may move funds in crypto relatively easy, it is easy to understand the need to provide regulation. If Bitcoin can begin moving sideways out of the downtrend channel, we will begin a new accumulation phase.