The analyst discusses the breaking news of job growth revisions and geopolitical escalations affecting Bitcoin's price, which saw a $1000 drop from $12,700 to $11,600 on the 15-minute timeframe. Downward job revisions since March and geopolitical tensions contribute to market fear. Bitcoin's price has been tested to $13,000 level but was rejected at the $13,400 mark and is currently facing downward price action, due to negative data. There is massive amounts of downward revisions from cnbc job revisions since march is causing fear in the market and on top on that there is another geopolitical escalation. This year has been year of many unfortunate geopolitical escalations, that has added and is the primary reason for this 1,000 dollar dumping on the 15 minute time frame.The market needs to break above $13,400 to reverse the microtrend from bearish to bullish also that that trend line is also holding the neckline of the inverse head and shoulder structure which is a very bullish signal. The analysts states that if the btc price doesn't break above to the 13,400 level there is a bearish signal with possible decline in price of bitcoin