On a longer time frame the is a tunnel range within which bitcoin tends to move, starting all the way in 2015. The price broke above once in 2017 and after bear market was pushed down. In May 2019, BTC got back within the tunnel range and made an attempt to make another bull run, however was brought back down by bears. The support from the tunnel trend line did not hold, but there is another massive support level right below it, on the verge of weekly EMA ribbon.