The drop distance is till 5200 if BTC cannot move past 6300

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The drop distance is targeting 5200 - But this drop is broken if BTC can move past 6300.
Successfully moving past 6300 puts BTC on the path till 7900 - but it needs buying volume .
If BTC drops to 4k its going to move to 1.2k so this is not a great idea.


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