WARNING: BTC Could Easily Drop to $32K!

 Bitcoin has lost its pivot level and is losing the orange trend line, which it broke above; this trend line governed all the major tops for this entire run-up. 

With bearish divergence on the daily now playing out, and a lot of stop losses below price, there could easily be a drop down to $32,000. 

That would be Bitcoin's next major support. 

If Bitcoin loses that level, much lower prices are likely, as the price will be deviating back into the range, which means we’d need to start trading it like a range again.