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Bitcoin testing major descending resistance, more drop ahead

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Bitcoin (BITFINEX:BTCUSD)  
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BITFINEX:BTCUSD   Bitcoin
Trend Analysis Harmonic Patterns Chart Patterns Bitcoin (Cryptocurrency) bitcoinshort bitcoinlong BTCUSD btcusdlong btcusdshort btcusdidea Cryptocurrency crypto
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trendanalysis harmonicpatterns chartpattern bitcoin bitcoinshort bitcoinlong btcusd btcusdlong btcusdshort btcusdidea cryptocurrency crypto
Bitcoin is testing major resistance at 8587 (Fibonacci retracement, horizontal overlap resistance, descending resistance) and a drop from this level could occur pushing price down to 6064 support (Fibonacci extension, horizontal swing low support). Our next level of resistance is at 9876 (Fibonacci retracement, horizontal pullback resistance).

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