Bitcoin Price Prediction (BEARISH)
We've recently broken down from a symmetrical triangle which can also be seen as a very predictable bear flag. after our dip slightly below $5800 we've established a tweezer bottom reversal but still do not have enough support to consider this a strong reversal. To remain in an upwards trend we must break 6050 with conviction and our next level of resistance would be 6250. I believe we are still going to continue our downwards trend to sub $5800 levels. $5400-$5200 is my next target and am currently laddering into a leveraged short position.
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