Don't panic! lets wait!

If Bitcoin does not hold the 200 MA it is very possible that it could drop all the way down to the pink resistance block that starts at 24k, the significance of this level is that there is a lot of volume being trade in this area. On the other hand, if bitcoin holds the 200 MA it will bounce to the white resistance line so let's wait for a good possible short of 20 percent.
Chart PatternsTechnical IndicatorsTrend Analysis

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