Bitcoin needs to break this line...

The downtrend still in tact...

Bitcoin has a shot here if it can break the downtrend, but it needs to happen soon.

Here's the downtrend I am talking about:

(source: https://twitter.com/StockmoneyL/status/1581200751682260992/photo/1)

If it fails to break this line and loses the lower support, it could be look out below time.

There isn't major support on the chart below those levels until around $12k.