There are two very critical points for Bitcoin right now:

1) $64,000 level

2) $67,000 level

If the $64,000 level is literally broken, a journey to $60,000 could begin.

At the moment, the $BTC price continues to hold around $64,000 but people are hesitant to open long positions because it has fallen so sharply.

The volume was not high on the way to $67,000, nor was the volume on the way down.

This shows that the number of buyers and sellers in the market has dwindled considerably.

With May coming, it is possible that we will see this volume decline in a more serious way because there is always an expected volume decline that starts in May and continues through the rest of the summer months.

Also, if there is a serious close above $64,000, we could see a revisit to $67,000.

At the moment, I am still holding my short position open and I am betting on it reaching the $60,000 level.