Bitcoin still hasn't broken down technically, yet

The bitcoin chart is getting more and more cloudy by the day for the bulls, but as of right now it still could be just fine.

Check this out:

(Source:

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Unfortunately, if bitcoin looses those recent lows, it's in major trouble.

While the chart isn't bearish just yet, I certainly feel it is only a matter of time until the chart reflects what is likely coming.

Bitcoin has been following stocks for months now and stocks are setup to plunge, likely taking bitcoin down with them.

I think bitcoin is heading for $30k in the coming months, but I'd love to be proven wrong.