Bitcoin continues to move in a downward channel. Volatility has declined. In an area with little trading history there has been a quick bounce. Now the longest drop since 2015 is taking place for 7 weeks. The market sentiment is negative, the funding rate has become negative. A large outflow of funds from the exchanges has been recorded. On the 4H Timeframe the price is testing 50MA. I expect that Bitcoin may reach the resistance level if it fixes above $30,000.