BTC - Strong chance BTC can drop to 6k in a week or two
The MA13/MA30 will cross in a week or two ,
The two day has already hit a death cross
After the MA13 cross if BTC drops the next strong support will be at 6620.
Im expecting there can be a fast move down at some point and BTC will drop to
the 6K area .
....Of-course i can be wrong so take this with a grain of salt
Exceptions to dropping to 6k:
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If BTC closes above 9500 then its bullish in my book .
Its also possible a large amount of cash can come in and move BTC above 10k this would move BTC out of this bear trend and kick off a new bull run .
The two day has already hit a death cross
After the MA13 cross if BTC drops the next strong support will be at 6620.
Im expecting there can be a fast move down at some point and BTC will drop to
the 6K area .
....Of-course i can be wrong so take this with a grain of salt
Exceptions to dropping to 6k:
------------------------------------------------------------
If BTC closes above 9500 then its bullish in my book .
Its also possible a large amount of cash can come in and move BTC above 10k this would move BTC out of this bear trend and kick off a new bull run .
Komen:
BTC - Current Weekly show a Hanging man reversal down to 77xx
