Last year May 19th was a terrible day for a Bitcoin bull like myself. I remember it well because that date is my birthday. I didn’t get what I wished for that year, but this year a continuation of the massive sell-off in the market is exactly what I am hoping for.

The Price of BTC moved back above the critical support level of $29,000 last Friday (May 13th) after dipping as low as $25,500 on the previous day.

Traders should lower their protective stop to lock in order to lock in a greater profit.

In the last seven days Bitcoin has shed approximately 25% of value, if it fails to hold onto current support at roughly $29,000, Bitcoin could be in for an even worse week ahead.