Its not been the best couple of weeks for Bitcoin investors with the price seeming to stall around the 60k mark and then Elon musk making a U-turn on TSLA accepting the cryptocurrency as payment
From a technical aspect, we have now created a series of lower highs and lower lows and currently in the process of breaking the 200EMA as well
This breakdown could trigger a large amount of selling and send us back down to the next large support area of 30k.