How Things May Go From Bad To Worse For Bitcoin (Technical Analysis)

SummaryBitcoin created a very large wave one $69k - $32k.It wasn't until the $32 support region was broken that troublesome technical signs emerged.In this article, we will look at how Bitcoin could go lower and see where it may land.It was coming surely. History has taught us that these things do not end well. A friend mentioned the other day he missed the boat on Bitcoin (BTC-USD). But what boat? With certain confidence, I can say that everyone that has mentioned crypto to me in passing in the last couple of years has absolutely no idea of how to sail "the boat" as in order to do so, you must have experience on when to set sail along with a target destination and plan if the waters get choppy.And so for many I'd imagine, unfortunately it has been a hard lesson, people with absolutely no prior financial trading experience buying crypto as it elevated from a relative novelty to just a touch under 70k per coin.And it is there we will start, at the top and work our way down. An astronomical wave one downwards consisting of nearly half the overall price of a Bitcoin will actually send it to zero should the wave three numerically copy it so we will delve into the third wave and see where Bitcoin may turn around if it's going to.Below we can find the monthly chart.Bitcoin Monthly (C Trader )Topping out at $69k in October 2010 and soon following a rapid decline we can see initial support being created at $32k. This has now set out t...