Recently bitcoin got hit hard by the bear with quite significant volume. The mid band got pierced deeply and by this time bitcoin have a small rise. Although, possibly it's going to be a dead cat bounce if the invalidate line did'nt got cross today or tomorrow. From the bigger view on daily chart, yesterday, bitcoin still may form a healthy correction with the suspicion of forming cup and handle with the handle are about to breakout... But the end, as said before, the bear release their dump power with viciously. So I think, for now bitcoin will dip below further and maybe will forming a double top pattern with the neckline is on buy zone price range. If it's still break then bear will continue to pressure again with the chance to hit 6k at the second neckline.
Trade closed: target reached:
For further update, you may see my next btc thread. Thank you for viewing, hope you could benefit from this