Target of $7736 reached. Based on the trend seen so far, since we reached $6k we have seen higher lows even when we see a drop in price. It tends to float around the lower uptrend line. Based on this, it is likely that the price should now bounce back up. There is also a possibility for the price to drop to $7350 to create a double bottom which is a sure sign of market reversal. But the first scenario is more likely to happen.
Target of $7736 reached. Based on the trend seen so far, since we reached $6k we have seen higher lows even when we see a drop in price. It tends to float around the lower uptrend line. Based on this, it is likely that the price should now bounce back up. There is also a possibility for the price to drop to $7350 to create a double bottom which is a sure sign of market reversal. But the first scenario is more likely to happen.