Get ready...
BTCUSD has been on steadily and rapidly declining volume since that massive spike in late 2015, which occurred around the price of $200. We will very likely first go back up to test that descending trendline (ie, somewhere around 30K) over the next month or so, but after that, it's going to be bombs away and we will eventually return to the $200 level. Look at the DXY chart, too -- which shows very clearly that DXY will be in an uptrend for years to come -- and remember that BTC is inversely correlated. (PS - The comments are going to be very negative around this one because I know nobody wants to hear this. But... let'em rip. it will be a fun one to go back to with "I told you so" in a few years. It's now recorded for posterity!)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.