Looking at the Monthly and Weekly charts a clean drop down towards $12,000 is on the cards if we get a weekly close under the current down trends low at $18,000
as I've drawn on the chart the $12,000 area is a nice Monthly DEMAND/BUY and is the area where the previous uptrend really took off from we do have a previous HIGH around the $14,000 mark this may offer a little bit of a short term bounce.
If the $18,000 is broke and a close below it the there isn't much stopping BTC dropping to the $12,000 area its a nice DEMAND/BUY zone and is the area that price really took off from to go to the ATH's this area will have a lot of buying interest.
as I've drawn on the chart the $12,000 area is a nice Monthly DEMAND/BUY and is the area where the previous uptrend really took off from we do have a previous HIGH around the $14,000 mark this may offer a little bit of a short term bounce.
If the $18,000 is broke and a close below it the there isn't much stopping BTC dropping to the $12,000 area its a nice DEMAND/BUY zone and is the area that price really took off from to go to the ATH's this area will have a lot of buying interest.
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