Let us look at what the charts are showing us. Best appreciation would be LIKES on the idea if this helps you.
This is a very simple analysis of the confluence of 2 indicators - Resistance line and the with declining .
If you can see the Red line, it has acted as a strong support line for long and now has been acting as a strong resistance line and it lies around 6894$. BTC just made a high of 6893$ and is now resting at 6733$ (at the time of publishing this idea). I think we have another push there and then exhaust.
Further, we also have a pattern with declining which again is a signal and i think we will break down from 6900-6950$ levels to reach to sub 5000$ levels or may be lower.
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