Done on my phone so by no means precise. If correct then price could drop towards $6,000-$5,8000. Unlikely it would drop lower, more likely that traders that short in hopes of further drop get rekt. Too much support near $6k. If correct then still possible that price has bottomed or doesn’t drop below ~$6,200.
Note
P.S. click play to see all of chart.Note
Chart I made... we could be going much further down.
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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.