•Bitcoin is currently looking to break the descending trendline to the downside.
•This seems to be a consequence of low market sentiment rather than the GBTC which we personally expected to have had much more of an effect.
•Regardless, we are now on the daily/weekly support level that dates back to the start of the year.
•Considering the recent volume has been the lowest since last year, the support level is expected to hold.
•We are personally looking for long opportunities in these times.
