As you can see BTC
face 50 period MA and at this time hasn't strenght for break this MA so price seems to have formed a simple double top
. The measure of this double top
is calculated between the arrow marked on the graph and the amount is 2474 points. If you subctract this value to the neck line of this double top
you reach 7000 usd area where pass the green line started since 2017 july where BTC
reacted last time in 2018/2/06, so probably we may reach that level for having a strong reaction. As you can notice I traced red vertical line to mark key points where green line is originated.
" A picture is worth than a thousand words"