In my opinion, bitcoin is going to follow the path along the trendline, this would put bitcoin touching 7300s to 7400s. I would not trade bitcoin until a reversal is confirmed, but I believe this is a potential point for a nice bounce.
If the green trend line doesn't hold, then we will likely see 6000s and a possible mid to long term bear market
If the green trend line doesn't hold, then we will likely see 6000s and a possible mid to long term bear market
Note
Yellow dashed lines are clones, which would put us conveniently touching the trendlineNote
Thumbs up if you agree, if you don't please leave a comment with your opinion/view on BTC.Note
Green trend line is holding, but we have to be aware that it's also possible to go as low as $6800s which is where there is another major trend line. 
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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.