BTC Breakdown Re-Test... What NEXT?!

Here we are looking at BTCUSD on the Daily TF…

I would like to offer a brief update on the chart structure of BTC currently, as it has come a long way since last weeks analysis.

At the time of my initial post, BTC was still trading within the parallel up sloping channel. Since then, it has broken down (as predicted). Currently, BTC is re-testing the previous structure as resistance.

IF bitcoin is unable to get back within that trading structure, it is my belief (as stated last week) that BTC will head to its breakdown target of about $18,000…

What do you think BTC will do next? Let me know in the comments!

Cheers!!