Bitcoin is heading toward very important area, looks like we have classic ABC corrective structure with B wave as running flat...that gives us an opportunity to take long position in 6800$ area. Confirmation of short term trend reversal would be breakout above red trendline. Otherwise, we may hit 5900$ area.
Here is D1 chart with the price behaviour below very strong EMA, maybe history will repeat? :)
Remember to protect your postion, and look for reliable price action in marked area.