The negative case for Bitcoin

I am fairly new to TA, but this is an Idea I think of following. Invalidated if Bitcoin gets to daily support above €6500. Support at 5960 seems to be weak and not yet established, so if we go on a path downwards there will be little stop until 5400-5300, which has held OK during the last downturn.
Bitcoin (Cryptocurrency)BTCChart PatternsTrend Analysis

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