BTC New lows soon... BTC is currently moving in a textbook downtrend, forming lower highs and lower lows. Price is now once again testing the descending trendline, which has acted as resistance several times over the past two weeks. As long as BTC continues respecting this trendline and fails to break above it, there’s a good chance we’ll revisit $62.5K soon and take out the equal lows. That target not only makes sense from a structural standpoint but also from a liquidity perspective.(Max Trades)