We are in a strong support zone around 6700$, and BTC has consistently bounced off the blue line, which has acted as a long term support at 6000 and 5789$. But, please expect price to shoot down again once a break of 7k is attempted. Longer term i expect a decline to 6k as btc works in the channel. Moreover, just looking at RSI we can see that a huge rejection always occurs around the 60 mark.
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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.