So we've got some ups and downs over the last couple of days. Yesterday we broke down and are now making a bear flag formation which has high chances it will break down. If it does, it will go to around 5400-5600 before finding support. From that point, there could be another big sell off to around 4800-5000 before going in an uptrend.
Also read up on my analysis why BTC is going to 5K before going back in an uptrend here
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.