As the selloff since Nov 2021 continues I'd expect to see a retest of $29k where there's quite a bit of support. Historically when the 200D MA is broken for the first time in a twelve month or longer period we see a correction of about 20% to 50%. As of this post BTC is already about 20% below that 200D MA cross. With the slowing negative momentum (see RSI at bottom of chart), and nearby support at $29k, I'd look or price action to stabilize around those levels. If that level fails to hold things would look much more bearish, as the next level of meaningful support would be $20k (previous peak of Dec 2017). Additionally, another potential bullish case would be an upward break of the current trend (downward white dotted line), and reclamation of the 200D MA.