Today's MA120 daily line corresponds to $72,482. Since Bitcoin first broke above the MA120 daily line on April 22, this is the first time it has closed below the MA120 daily line. Only by returning above $72,482 can there be hope of reversing the downtrend. Support below is at $65,000, and it likely won't break before July 1, as the quarterly line shouldn't flip from bullish to bearish.