Judging by the similar movement of Bitcoin in 2014, next six months we will slowly decline to 3000. I do not think that we will see 7000+ until February-April of next year, and I expect the 2000-4000 zone by January.
The BTC crawls long enough along the various MAs. Recently there was an attempt to move down, but the price quickly returned to its original point. Apparently, we are approaching a reversal and another big upward movement. It can be of two types: breakdown as a recent breakthrough to 8300, in which case I do not think that we will rise above 8000. Or a slow rise...
We saw a strong pull back to 6500. But it's hard to call it testing this level, we just touched it on a number of exchanges. Apparently, we lose the momentum and, when we return to the level of 6000, we will fall lower.
Watch for 5900-6200 zone.
6200 is a resistance, if we confidently go through it, it is possible to grow to 7000+.
If we dont and break down to 5800 - we may fall really low pretty fast, down to 5500, 5300, 5000 or even 4000 becouse of panic sell.
RSI and other oscillators shows oversold zone, so we shoud go up a little bit, but marketmakers does't care about...
We have heavy support zone 6750-6980. If we able to break it down now, BTC may drop down to 6300-6500. But, if we don't, retrace to 7200 is also possible. Watch for a price action, set stop losses, and good luck!