BTC's next target above $7000?
I anticipated that BTC will fall to $5700 but it stopped at $5858. The important part is, that Bitcoin cannot fall below that green line of $5700, as it's another important support line.
In short term BTC can go as high as $7200 - 7400 (upper resistance line).
If that red line above $7000 will be broken, we can see another big $ volume to rush into the market.
But sadly I'm bearish in longer term. It seems that many big players want to invest into this market, so they will push BTC lower, to buy it as cheap as possible. And when all the common investors will think that cryptos are over, then another bull market will begin. That rollercoaster will repeat itself over and over again.
There are too much easy money to be made in cryptos. Whales won't let them die just like that.
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BTC is losing energy, I don't think it could even break the 6620 high
Similiar situation was in June and it still went up 30%. It has only 15% till 7400, but it may go lower aswell. Bearish market is tricky.