Taking into consideration the current situation, new levels have been settled at $5,500 and $5,800 respectively. On the other hand, the number of total shorts prevail over longs analyzing data on BitMEX and Bitfinex.
Although the price of BTC showed good growth at weekends, no further decline is foreseen. Such a scenario is backed by the indicator which is not overbought. Moreover, one can even expect a rise to the psychological mark at $6,000. Such a prediction is possible till the end of the current week.