If we break down the 1st level support at $6000 we will decline further down to the 2nd level support at $4100 level before end of August. Bitcoin will follow the path along the arrow towards the 2nd level support.
Note
There is the potential for a right shoulder on the day chart.Note
We have a bottom (for the time being)Note
Bitcoin will soon break below $6000 and start resuming the downtrend towards $4100
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.