BTC might revisit the 6500 zone once again before anothe leg up!

We've broken the long-term downtrend line, but there wasn't enough push in terms of volume and momentum. Therefore, we expect BTC to go down and visit the levels around $6500. We have to see accumulation of volume and different setup of the main indicators before we go up again.

What worries us the most at the moment is the Stochastic RSI that is pointing down on the daily and there is basically no way to go but down.

We have huge support in the area between 6000 and 6500 and it might be the case that we might see triple bottom before we start another leg up.

As mentioned in our previous analysis, the market is very hard to predict, but without some big big volume coming in we won't see a new bull run. Until then let's sit tight and watch the market closely.

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