Bitcoin failed the ATH this night and go directly to target price 1 at 6000 usd area then it may bounce to reach the next target price at 4000 usd area.
Long term market pressure -1.9 confirm the bearish trend Short term market pressure -2.6 confirm the bearish trend
The chart pattern are almost clear The chart highlight a parabolic pattern and if 4000 is broken the final target maybe also 1k or less
This analysis are based on market pressure On my twitter you can find market pressure value fo all crosses
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.