BTC - Bears Still in Control

For now, the bears are still in control of BTC, every time BTC attempts to bounce back it is met with more selling. IMO BTC is heading down to the $8000 area as I laid out as a possible scenario (#2) in the
Dec. 23rd chart that I published.

When you update the chart you can see how the price broke through long-term trendline #1 then came back up to retest it before failing and moving lower again.

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For those who do not know, if you want to update the Dec. 23rd chart, click on it then click on the white circle on the right side of the chart.