According to the pattern of the downward trend line
Ichimoku cross lines
And head and shoulder structure at weekly timeframes
I give the possibility of a two-stage drop of about $ 19,000 and then $ 12,000
But on the other side of the coin, if the price does not fall below $ 28,000, we may be in phase C according to the Wyckoff model, and this will be the beginning of a resumption of the bullish market.
Ichimoku cross lines
And head and shoulder structure at weekly timeframes
I give the possibility of a two-stage drop of about $ 19,000 and then $ 12,000
But on the other side of the coin, if the price does not fall below $ 28,000, we may be in phase C according to the Wyckoff model, and this will be the beginning of a resumption of the bullish market.