Trading volume has declined significantly from 2021 coronavirus trading bonanza. Interest in Bitcoin is currently low and there are no indication of a recovery.

The price has formed a multi-month double top patter, and we saw over the last month that Bitcoin failed to post a reversal pattern of any kind.

We are right now in a bear flag that was formed in Feb-Apr 2022 and a breakout below $33K will definitely send price to $20K or even lower.

Thank you for reading, let’s see what happens.