The chart looks bearish. Bitcoin is staying below 200 DMA and has formed a triangle.
If the lower trendline is broken, bitcoin may crash.
What do you think guys?

The first support is around 28800 which is the 50 week MA.

I am unable to post images directly within the post. Sorry.
50 week average is the one I would think is likely to be a guideline for any down move, it probably rises from that area quite similar to how the previous low was.

End of the week is good time to look at weekly bars as the action is nearly complete in its final close. I drew in some uptrend but the longer trend is down in that respect also recent volume favored negative action but over the course of the entire move its still positive and should recover after a good low is found.
If we look over the to the left there is a good reason why we rest in this area which is alot of closing lows here. Present price is above most of these prices which I'd estimate about 33k. Maybe a fair guess is that if we do lose 33k then it will push negatively until selling is resolved with equally matched buying and so speculative cycle reverses then. Losing 33k does make me think we then further amount time to decide on this 50 week average and if we need to explore prices in the 20's. My take is to remain skeptical while looking for inevitable future positives, try not to jump the gun but it'll come.