Bitcoin/Dollar broke down to a low of $20,700
following a swift market sell-off last Friday. The pair lost nearly 18% of its value from peak to trough before finding support.
BTC/USD is down a modest 0.25% on the day, and is poised to make another move shortly. On a daily time-frame, price broke down from the falling wedge, perfectly hitting the technical target.
With price accepting below the quarterly volume-weighted average price, BTC/USD has taken a bearish posture, opening the door to $19,000 and $17,600 once again.