Bitcoin recently broke through an important support level of about 6000. Now it can reach the local channel support level of about 5200. After a small correction of the fall even go below 5000, but it will be pretty fast, because correction of the fall has long been absent. By August-September, the pair is expected to exit the wedge and return to around 7000-10 000.
Trade closed: target reached:
The main price range has already been achieved. When there were about 6k, I assumed that we would leave at 8-9k. Now we are just there. But the market has not yet turned around, there are still some chances to compete for a week.
