The recent high has formed a perfect down trend channel for Bitcoin. We have just reached the top and the break out of the ascending wedge will take us down to around 5500 before a bounce. We will then hit the resistance of $6800 before falling to our next support some where in the $3Ks. We will then bounce again before falling to our ultimate bottom of $1850 where the support of the down trend channel will converge with other key support levels later this year/early next year. This will mark the start of the bull run.
