Bitcoin Technical Analysis. Broke the falling wedge. May Test 5k

5 feb 2018

Hi traders,
SO bitcoin has broken a falling wedge pattern and now must gain support from a lower trendline . Horizontal support combined with trendline region comes somewhere around 5500-6000 Dollars. Thats where bitcoin might drop potentially.
Bitcoin has been on a major downtrend and may continue it for the next 3-4 days and after gaining the support next scenario will be visible.
Note:
THis is just my analysis and not a financial advice,
You can also watch my detailed video technical and fundamental analysis of bitcoin -1.73% on youtube here:
youtube.com/watch?v=-bq1cjTemQk&t=1s
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