Let’s look at the parallel trend line which you can see in the chart above. Btc is moving in this channel. The daily chart shows reversal patterns which need to confirm. Technically I say btc is going down, I am still long and waiting for 5720 to break. I would like btc to test 6050 and then come down. This is going to be interesting as everyone is waiting for btc gold.
Levels to look out for: Support 5720. Resistance : 6080