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Bitcoin lower as expected from our selling opportunity at 14500/600, to hit support at 13000/12800. A BREAK BELOW 12800 IS ANOTHER NEGATIVE SIGNAL & LOOKS INCREASINGLY IMMINENT - sell in to shorts & look for 12600/500, 12300 & 2 week lows at 12050 before the 3 week low at 11160. Do not be surprised if we break this level on the next test.
HOWEVER WE STILL HAVE DOUBLE TOP RISK HERE. LONGS COULD PANIC OUT ON THE WAY TO THIS RESISTANCE, SEEING THIS AS THEIR LAST CHANCE BEFORE A COLLAPSE. Bulls need a clean break above 20,000.