The way the price has been climbing up towards 57K since last Thursday proves to be very exhaustive one: as in December 2017 on the daily chart we can see the rising wedge which was generated within a trap above 51500. Thus the overall picture suggests a very large correction channel to the previous rise of 55000 dollars (until high of the 14th of April). Therefore, we are likely to see a very deep downfall towards the break of the lower border of the channel – below 20K or even 16K – and that will be the condition under which the price will turn around to the hill of 110K & higher. The 3rd swing low points of the 2 core support lines – May 19-June 22 & September 7- September 21 – will work out properly as the necessary condition for the rise as well.