Technically speaking it's inside a reaching its final days, and the value should break up towards the 50% or 23.6% fib retracement again soon.
However the rupture of the 200 allways been repected untill now (to be confirmed with todays close price), the (to be confirmed too) and the up (formed between september and november minimums) supports is not good news for BTC , making it potentially head till the $5400-$6400 zone.
Good luck everybody!
- Up trend line
- the fib 78.6% retracement line
plus it broke downwards the falling wedge.
Unless a clear strong close signal or bounce due to some good news for the value, next support would be around the 100% fib retracement level at $5400.
Good luck everybody.