yes it is most likely that BTC never see the previous lows again. I don't mean the trend has reversed, it still is about to test $3360, but I have reconsidered my expectations on below that level testing for the moment.

21 monthly moving average

bitcoin has touched the 21 simple monthly moving average today. it's a very important sign that it may start a strong retracement to support levels. Sometimes one third of the worth of the commodity you are watching gets lost in such occasions.

for CAD buyers, I see 4300 - 4400 CAD a proper support level to buy in.