It looks like its in a upward channel (pink box) so if it breaks that down it will also break down the 3k-6k uptrend and we could see a level of 8k as thats where the December downtrend is also the 50MA also the 50% FIB then act as a support before making the next leg up to around 11,500K.
There seems to be a daily bearish candle and MFI showing its bearish also. It most likely looks like its going to correct to 8K then settle down a little before making the next leg up.
(chart is in log scale)
There seems to be a daily bearish candle and MFI showing its bearish also. It most likely looks like its going to correct to 8K then settle down a little before making the next leg up.
(chart is in log scale)