On a 4 hour overview we have a Falling wedge pattern and a long term downtrend.
The trend is likely to continue downwards. And will find support at 6200.
Hopefully this is the lowest level and can go upwards above 10k.
As you can see with the help of the 4 hour timeframe,
where we can very well see the falling wedge pattern.
If BTC follows this pattern, we see a bullish movement in the coming month.
But if BTC breaks this pattern downwards, we see Major Dump!
possible support 7627
The end of the wedge there may be support at level 10k.
After that an Elliott wave can form with a resistance level of 11466
Support level 10650
Long resistance level 12600
My previous analysis is still valid!
Target achieved from previous analysis.
A bearish period now applies.
The possibility is a decrease from 6205 fisrt suport to 5306 2nd support.
Monthly resistance level: