Bitcoin shorts from 6500/6550 looking at potential profits of over 1500 pips now as we break below 5000. We wrote: A break below this psychological round number will be the next sell signal in the bear trend. It sure is! Next target is 4390/4350.
Bulls need need the price to at least hold above 5100 to target 5200, perhaps as far as 5400 but this is a severe bear market, in a state of panic & is likely to be met with selling at each opportunity.