The formation on the chart certainly looks very Bizarre this is due to the fact that Bitcoin have had quite run up without a correction and some traders speculate dump to $32,000 also. there has been SEC vs Kraken FUD.
What is so Funny abut the SEC vs Kraken FUD is that SEC website likes to say "SEC ..." while Investopedia says "SEC
Those are two very distinctive words that mean completely different thing! lol
Anyways...
Taking all that into consideration and looking at the chart we can say that Bitcoin has difficult time with the dump, based on the news and expectations we might have a surprise pump to liquidate all the short sellers! Bitcoin did correct to $35,600 but didn't stay there very long. If $32,000 comes it will be there for a very sort period of time!
All The Best,
Aventurine!
