BTC fell below 6.9k, What is next?
on and now that is working as resistance. Also it has broken purple MA , if you look closely, that red dotted line and purple line both were following same path.
Breaking both is highly signal. and StocRSI has some room to go down further in near term. It needs to come back above 6.9k to not fall sharply but that needs good and will both from Bulls.
We have another big support around 5k area (green dotted line). Which is also the target of plan posted in previous idea.
Lets analyze it on lower time frame :-
1. long term green dots line
3. Teal color line