BTC dropped in last weekly candle close to $1000 & this candle close gives us a large amount of bearish signs. BTC weekly candle close was $6758 - we had similarly low weekly close in 6. november 2017 where our close was $5810. So we think - it BTC drops more, then the next levels to watch are $6366, $6000 and the main support area where is no candle closes is $5000-$5500.
The big Bearish sign is, that our weekly candle closes below triangle bottom trendline. We could retest it, meaning that we will first touch 7000$ and then head down from there but let's see what the price action offers to us.
The big Bearish sign is, that our weekly candle closes below triangle bottom trendline. We could retest it, meaning that we will first touch 7000$ and then head down from there but let's see what the price action offers to us.