I know this is very unlikely, we have ema 200 as support at 4.2k, ema 50 on monthly at 3.9k and rsi lower 10 on daily.
But, because there is akways a BUT, this year we have experienced Bart patterns, and I feel like this could be a Weekly Bart (could get us around $1.5k and $1k)..
Don't mind, i know we are already down a lot, but this is a possibility, and ...
This is just an analysis, for the moment this a sentiment, let's see what future will tell
Ps : My thought is we are building a curved support to make a new parabolla (so new lows possible around 5k according to the chart)
If we fall hard like 2011 expect 3k
It's clear, we are getting close the end of the pattern.
Ballsy buyers might buy on those supports (White and red) even if it can break down.
As always wait for the confiamation to get in, winter is coming..