More Resistance Coming...

As expected, price dropped as we failed to break the channel resistance. If you wanna know how we predicted this, check out my previous post here:

https://steemit.com/bitcoin/@benkalashnikov/4zxyh8-bitcoin-short-term-view-bearish

Analysis From Yesterday

Results From Yesterday

Short Term View: BEARISH

• Expect a price drop if we fail to break these resistances
• The moving averages (white and yellow lines) will also act as resistance and will slow down the price so I'm leaning towards a target at $5,893
• If we break that area, next target would be my midterm at $5,200 area.

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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.