5100$ target for BTC

Morning everybody,

finally we've got an action on BTC market, which confirms our bearish view. We think that BTC now stands under scrutiny revaluation by investors, and not in positive direction.
Fundamentally we do not see any long-term supportive factor for BTC.

Technically, weekly chart shows clear signs of bearish dynamic pressure. While MACD trend stands bullish, price is forming lower tops. Within few weeks we think that BTC will hit 5100 target of weekly butterfly.

Today upside retracement to 6330$ 5/8 Fib resistance is possible, which we think should be good area for short entry