Bitcoin's Bollinger Bands are extremely pinched on the 4-hour chart and held ascending trendlines in the most recent low, which I believe to have been the 60-day cycle low. Given these things, I look to the upside for the next move.
BTC losing the 4H MA200 with the close about to happen. Watch this level closely, it doesn't look good right now but a lot of the downside has probably been experienced. I think we'll trend lower to 19.7-20.4k over the next two-three weeks, but it won't all occur suddenly. We could locally bottom for a week just about $300 below current prices.
Nice drop to the first major support, as I predicted with cycle theory last week. I think we could go all the way down to the MA200, though it isn't guaranteed. I think we are due for a bounce off this level for a day or two.