Ichimoku shows that the trend is bearish on 4hr chart
Fractals on higher timeframe on the daily match with previous bubble cycles, there is still LOTS of downside possible, below 6000 is certainly a possibility
To add on some things to go along with bearish case, since bitcoin is like a social network (more users, more activity = more growth)
Google Trends: trends.google.c.../trends/explore?q=bitcoin
Reddit active users: redditmetrics.com/r/bitcoin
Tweets: bitinfocharts.com/co...ison/tweets-btc.html
Active Addresses: bitinfocharts.com/co...veaddresses-btc.html
Fractals on higher timeframe on the daily match with previous bubble cycles, there is still LOTS of downside possible, below 6000 is certainly a possibility
To add on some things to go along with bearish case, since bitcoin is like a social network (more users, more activity = more growth)
Google Trends: trends.google.c.../trends/explore?q=bitcoin
Reddit active users: redditmetrics.com/r/bitcoin
Tweets: bitinfocharts.com/co...ison/tweets-btc.html
Active Addresses: bitinfocharts.com/co...veaddresses-btc.html