Monthly candle pierced MA5 so it will drop til $3000-5000. It will be the last (4th) wave before new ATH.
It's very intresting. I can determine the end of trend with help of previous highs and fibo levels. Fibo levels says: The last bottom will be $3000. And other variation of this technique says: $7000 is the bottom.
It's a good technique for defining the future. This has happened once in 2013.
Bounced back from previous highs and we have HS shape there.
We just tested back the crashed downtrend line.
We are in uptrend already so I think this drop is only a fast backtest.
I'm 100% sure chart is manipulated by big whales. Somebody just sold 2000 btc recently. Not only today, but yestearday and 2 days ago too.
Price 9000 is a very strong level. I hope btc can bounce back from this level.