I don't know why othere are talking about head and shoulder patterns however market is in a downtrend and there is a clear elliot wave structure. Target profit level should be 25500 however it is likely that it will go even lower.
Looking at the chart we can easily makeout that bitcoin has tested its major resistance for the third time, and has failed to breakout. Breakout is not likely at the moment becuase of the low volumes. It is now going to break the ascending wedge after testing major resistance.
