@YungSwan, 6800 was tapped multiple times and didn't broke. Therefore I don't see 6800 incoming. Price has already begun to make LH and LL. Clear weakness + Inverse wedge on the weekly
NoushafarinMoradi
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I have a question, u believe that bitcoin will down to 4000 or 5000 nearly?
MatTheCat
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@NoushafarinMoradi, I believe almost certainly, that Bitcoin will get down to the mid 4000s and probably lower than this, although ~$4500 would/should be the 'safe' target for a short trade.
adrenaline_beast
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@NoushafarinMoradi, It will go down for sure, because it did hold in the consolidation zone (6500 - 6800) & Strong Resistance @ 7000 which didn't break above.
Clear downtrend began day before yesterday.
Thinking of the other side, if it breaks clean above 7000, then it's a bull trap further towards 8K.
For now its a clear bearish scenario