Bitcoin after Settlements Pump - Testing Key Level

Just four hours before OKCoin settlements, Bitcoin price pumped up and tested our key level above.

My previous ideas had a very bearish outlook on BTC. I still remain bearish on Bitcoin in the mid-term, so long as it does not penetrate and close above the key level shown.

There may be a trend reversal in place, but I don't believe any reversal to the upside is confirmed yet.