The previous exhaustion point was too weak to reverse the price It only formed a short consolidation pattern (Bear Flag) before another drop.
Now BTC has reached the second bearish target (on BITSTAMP)
The price is currently printing an exhaustion point S13 + A21 on daily chart and a S34 on the 12H chart. These new exhaustion points should now lead to another consolidation pattern or a needed bounce as price is quite oversold now
Warning Points: BTC is still in a bearish channel A touch of the bottom line of the channel is still possible