A lot of lines.
20, 50 and 200 MA
That may indicate that price is about to increase and test the first resistance at $12k. Bull side.
That indicates that price may drop to the 300MA and after that maybe $6k to $8k. Bear side.
Now we don't know anything of inside trading, info about bakkt or any other news.
For some reason price is dropping but we don't know so stick to what you know. #TA