I thought I would draw some trend lines and try and figure out what is going on here. Hopefully all the FUD is done and BTC will find support in the yellow zone. If so then I would expect the price to go sideways until there is volume to move it up along the white dotted trend line. If not, then I would expect the price to settle near the purple trend line before moving back up.
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this was the original idea I posted a few days ago