Just as Ethereum and Ripple, Bitcoin is also holding onto a losing streak, As long as the price remains below the 6000 handle, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is a mere corrective wave count and should bounce from the nearest support. This is not say that the price will bounce from it, however, should the price break clearly below 5000, then we expect a steep decline further towards 4201. A key support to look for in this crypto is 5857.03, a clear descend below it will push the price even lower.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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