Hello, my opinion is that Bitcoin is very oversold on the smaller time frames and can bounce from here, but it has massive rezistance at 6000-6400 lvl and it should have massive suport at 200 Weekly MA, if the MA breaks then next support should be around 3000-3500.
A short update for Bitcoin, it has brokeout of the diamon pattern and has got above the 1 hour EMA ribbon, but the 4 hour ribbon is still acting as heavy resistance and the stockastics RSI on 4 hour is in the upper region, its not necesary a problem because it can stay there for a while.
On the daily timeframe BTC has still room to grow, but it first needs to get...
Bitcoin has formed a diamond pattern and it could break soon, unfortunately the 1 hour and 4 hour Ribbon is pushing btc down,
The conclusion is that btc can break out soon to posible to the upside