Bitcoin has been in a down trending retreat for some time now.
Lately, there have been some additional, shorter-term signals indicating further declines ahead.
Particularly May 25th and on May 30th. After the May 30th price support (both support points are shown by the golden colored horizontal bars) was broken, the slide in price accelerated lower.
Together with the long-term outlook and the short-term trend, the present prognosis for Bitcoin is for lower prices to continue. – George