* Was in a down trend * Has been in a potential bear flag from mid January 2022
* Despite it breaking down from the potential bear flag, there are multiple levels of support before it reaches its measured objective. * Key level of support being around the 30k mark * The trend line extending from Jan 24, 2022 may act as a confluence of support with 37.5k (circled area)
* Key areas of support to keep in mind if you're planning on shorting: * 37.5k * 34.3k * 30k
* A break below 30k may send BTC to its measured objective of ~15k.