[Bitcoin] Fail to support the bull trend channel..
#Crack #Bitcoin #Binance #Daily
– This is the appearance of Bitcoin’s bearish breakout at the bottom of the blue large bull channel .
– It seemed to rebound while keeping the $35,071 closing support level , but it showed a bearish trend again the day before and eventually fell.
– In the event of a rebound, it is important to settle upwards of $35,071, and keep in mind that even after an upward stabilization, the bearish trend continues until it breaks above the $37,578 upwards.
– If an additional decline occurs, a decline to $31k-$31.6k can be expected, and if the support in the above section fails, it is likely to decline even to $28.1k-$29.8k, which provided strong support.
– If the $28.1k-$29.8k support fails, there is a possibility that a bearish departure of the bear flag pattern has appeared from the appearance since November, and there is a possibility that a gloomy period of falling to the simple target price of the pattern of $10k-$12.1k may appear.

![[Bitcoin] Fail to support the bull trend channel.. [Bitcoin] Fail to support the bull trend channel..](https://thebitcoinstreetjournal.com/storage/2022/05/71BzpEYF_mid.png)