Current: Price is hovering around 6,6k and there seems to be low of buyers. I think we will retest previous 5k.
1. Price will fall downwards towards around 5k level within 3 days.
A drop below (5) may occur after each of these steps:
2. Price will go upwards and try the new (50 , 4H, Green line, At that time). Low , resistance, price movement upwards.
3. Low , resistance, slow price movement upwards will indicate a downfall for the price.
4. The price will go up again to test the again (50 , 4H, Green line, At that time).
5. Failure to break or low , resistance, slow price movement will indicate a downfall to next low. Possible around 4k area.
6. Price will go up again and a possible bulls trap will be laid around 5k area.
7. Price drops to 3k and from there, we will see a healthy BTC again.
How to know: Slow price movement upwards, low on 4h, restesting resistance lines (Green 50 ).
This pattern looks the same as a bubble crash pattern if you look it up on google .
Note: This is a prediction for a long period of time. Signals can always change in the end so don't trust 100%. This is probability prediction.
We can see here that the price closed exactly on the 50 EMA. Low volume from buyers still. It may still drop down. In 4 hours, if a cross is being made then we can see a uptrend for a while. Price will probably bounce between this area for a couple of hours more.