Going into the Holiday weekend we could see volatility in Bitcoin due to light volume. As the charts below show we look to be breaking down to retest lower lows. We need to hold $28,213 or could have the bottom fall out in near term trading. This comes as losers from the stable coin blowup need to raise cash largely targeting ALT coins so far.
(Below) 1 month chart of Bitcoin showing lower lows and lower highs / portending a breakdown in chart to retest lower lows.
(Below) 1 day chart of Bitcoin
(Below) 5 day chart of Bitcoin
(Below) 1 Year chart of Bitcoin with recent high
(Below) 1 Year chart of Bitcoin with high
(Below) 5 year chart of Bitcoin