Each and every time we close below the blue lines, BTC crashes. I am seeing a very similar setup to early January with Bitcoin hugging the blue trendline. Back in December, I called on Twitter that if this line is lost, you will get your free fall.. It did not disappoint. Link to the tweet below. I’m seeing a big push to close below 38.5 in the coming days as that’ll trigger the capitulation event needed to get us to 34 before we can finally get up and moving. Until we wick 34 and move on, bulls and bears are at a standstill.

twitter: matthew76197677/status/1476373818985701376?s=21&t=nddGQDBdwBldrrznwd_FRA