Bitcoin: If unable to break and close above $12700; Game Over!

Nothing wrong if an asset crashes, it turns to be an opportunity so everyone could re-think their approach.

1)Observation: Bearish trend-line could be taken as a short-term measure for the latest recovery.

2)Lower-Highs and Lower-Lows

3)Regulation is knocking on traders' doors.

Short Targets: $7900, then $5800
Long Targets: If prices close and open above $12700, then shooting star 'vendetta' towards $16000