According to his analysis, if Bitcoin fails to exceed 28K, the price may hit a new low of around 18K - 20K, which may initiate a long-term bearish rally. However, he believes most investors still struggle to determine the ultimate support for BTC. \u201cWe're not finding any support, and the reason why we're not finding any support is because the numbers aren't out yet. So, people are kind of still sitting around, waiting until what's going to happen on Wednesday and Thursday when the CPI and PPI numbers come out,\u201d<\/em> he added.<\/li><\/ul>\n\n\n\n