The bitcoin keeps falling, the most likely movement for the next few hours is this orange line I put on the chart.
Bitcoin is still in a downward trend and in the coming days or weeks bitcoin will decide whether to go to the 4k region or go back up to the moon.
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The fall began earlier than I imagined. We should have a new pullback in the 6k region.
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I remain firm that the bitcoin goes to the 6000 region before a new pullback.
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Downtrend channel detected.
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7 touches on top of downtrend channel.
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Bitcoin break the downtrend channel. Now the bitcoin are officialy consolidated in 1H time frame. Is hard to previus the next moviment at this time.
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Touch on resistance zone.
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Consolidation between 6600 (resistance) and 6000 (support).
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The Bitcoin continues consolidated, with low volume and low force to leave the zone of consolidation.
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The Bitcoin continues consolidated between resistance (6600) and support (6000). It's hard to predict anything right now, but the biggest chances are that the price will break down.
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Green line or red line? Well, At this time, I will only watch.
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