Bitcoin - Downtrend continues?

Hello,

Its been a while since I posted a Bitcoin chart with details. Really busy with graduate studies.

MACD: Bearish
CTI: Bearish
Trendline: Downtrend
Volume: Decreasing

The chart is in logarithmic scale. Blue/Red lines are from a regression channel.

~DCFreak

Kommentera:

Update:

I believe either 7.7k or 8k will hold and the price will move up from there.

However, there is a smaller chance of the price hitting 5.1k as shown above, but it's still a chance.

Kommentera:

Kommentera:

Didn't fully reach target, check the new analysis posted.