BTC broke the short term descending channel that lasted for approx. 2 weeks, however it has encountered major resistance on the midpoint of the longterm descending channel that it's been trading in since the peak of 14 K, given the weak support it will continue down until it reaches the .768 FIB ( 5.3 K) support level established from the 3.5 K upwards trend. Question is, will this be the capitulation point where the weak hands and unrealistic longs be shaken out or do we need to drop further. Once we have reached capitulation by the longs then we will continue the bull run possibly after the halving.