Rebound at 32K if not we can safely say, the bull is dead

I predict that 32K will be a strong base of support for BTC. This is based on the volume played out in this area.

If however the coin breaks the 32K support line, we will see BTC free fall to 20K or more.

Call it the last vestige for the Bulls for all us Hopium. This is it, rebound or die(stop loss triggered) moment!

Happy Weekends!

Comment:

Price has rebounded on the Point of Control (POC) mark at 32.8k that carries significant trading with volume done on Jan,21.

We'll see if BTC can manage to pass the old support at 40k mark to break the downtrend.

Elsewhere, BTC EMA100 looking to cross down on the EMA200 while EMA50 has crossed both the EMA100 and EMA200 signaling a reversal in trend in the shorter time period.

Happy Weekends!