Bitcoin is holding 50 Weekly MA & Long Term Trendline. For now its hanging on thread & its just a matter of time before bulls give up. 6515 last Major significant support. 6000 Wont hold as Double bottom for long. It may offer a minor Support & small bounce only to give up the gains later. 4500 Area is first support followed by 3400 Area. If we flash crash to 3400, expect an instant Price Reversal to target 6800 Area over few days. On the TopSide 7000-7100 Trendline is the biggest Resistance for now. only if we close above 7250, the downside pressure will ease. Those who are assuming 6000 Double Bottom will hold are doing themselves a big disservice by ignoring over all trend.
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