Nor sure, but may be a short term reversal is coming to BTC.
Bictoin Is about to break bearish trend lines in blue. So a new bullish support might form in the trend line in cyan. However could be a strong resistance from major trend line in yellow.
Just touched one of the major trend lines. This might indicate that soon bitcoin will retake the bullish race. It might drop to touch other minor trend lines. or go all way down to other major trend line in green. Please leave your opinion.
There is a small possibility of small reversal in next hours. Please leave your opinion.
May be it bounce back to 7000 before it continue to drop around 5k