Bitcoin price falls; $15k can be retested before new highs are breached says trader

Me david uh 

i'm very excited to talk to you because you've been following the bitcoin market 

for 

quite a long time and of course you have a big following online uh people who follow your trades you are technical trader uh and you are here to share with us what you think about bitcoin i want to start by talking about the longer term pattern as you know bitcoin has risen to new all-time highs this year over the last three months it's fallen and it's been consolidating for one month how much of the decline do you think was due to the Chinese crackdown in bitcoin um since may they've been uh they've been more strict with their capital control smore strict with how bitcoin can be used  in the country and of course we saw an incident in a Chinese province.                                                                                                                                                                                                          where there was a power outage mining stopped how much how much of this flat price pattern that we saw last month was due to that you think well i think that market reacts with the domino effect so every major event starts the smallest domino and then the market will follow and i also think that the the the drop that happened in may also is due to to the news that china has had issues with bitcoin be it mining or uh other other forms of ban basically and now for the last month we have been in a sideways formation and the market is waiting for news good news but the thing is it doesn't really come right now.

                          It does not it's not coming okay well so 

when you're a trader this you're looking at the sideways formation what are you thinking is this getting you worried or do yo think this is a good opportunity to consolidate by on this base and build up how and build up maybe your position is that your style or no yeah yeah so for longer term investing i 

tend to 

uh to have a plan for several months and i released the plan a four-phase plan uh one month ago when i saw that the issue is getting bigger and that plan has also shorts and accumulation phases basically the accumulation phase i see is at around the 30k level.

                         if we drop below that level we have 

another important level at 20k so in between these levels we also have shorts so the plan is laid out in four phases basically uh you know bitcoin has seen very volatile times throughout history right now.