$BTC Bitcoin Mid-BB Retest in Progress, Avg. 40% Drop Follows

BTCUSD 3-Day is retesting the mid-BB. As the chart shows, rejection from this level has resulted in on average a 40% decline. The last time it was rejected from this level, the Black Thursday collapse followed.

A break above will lead to a test of the upper band and likely a sustained breakout rally. Bear trend may officially be over if there is no rejection here.