If we break down the 1st level support at $6000 we will decline further down to the 2nd level support at $4100 level before end of August. Bitcoin will follow the path along the arrow towards the 2nd level support.
Comment:
There is the potential for a right shoulder on the day chart.
Comment:
We have a bottom (for the time being)
Comment:
Bitcoin will soon break below $6000 and start resuming the downtrend towards $4100