Ema 50 plays importand role in daily time frame. we may or may not touch 9400-9500 again before the crash to 6.6k. but meanwhile we may see bounce from 8k to 9k.
We are going to repeat this pattern once again if u see Btc long term chart applying Elliott wave pattern. the mindset of market is same as old
if we look at old patters btc yet to see another big dump for pump...i assume even if it pumps to 11-12k levels it will touch 4k again.
we have many possibilities of dump here: 1- Bear flag 2- Elliot wave completion 3- head and shoulder pattern 4- mining dump and mining cost crossover 5- we have 7 continuous weekly green candle 6- declining volume 7- rising wedge was broken upper side that is not an good indication