As we can see on the chart 
BTC is forming a huge falling wedge , which may, potentially end when it hits 61.8 % of Fibonnaci (7200 $ )
BTC is forming a huge falling wedge , which may, potentially end when it hits 61.8 % of Fibonnaci (7200 $ )Note
It may go up 9800 before starting to go 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.