Honestly, I think BITCOIN is performing much better than I would expect taking into account the present situation of the whole world in economical terms.
COVID19, futures, Halving, DOW Jones...all variables that affect the whole crypto Market and which effects right now are intensified.
Personally, I see lately a constant behavior of BITCOIN compared with DOW JONES Index, it is almost following the same reactions and similar charts can be seen in both.
On BITCOIN, what we have 2 clearly defined lines confining the trades now between 5830 and 7000 USD.
Worth to say that the on-going pattern does not bring anything positive for going upwards, also because the volume is in permanent regression for the last few days.
In a "normal" situation, which it is not, we should see an acceleration of the prices downwards if BTC crosses the bottom line that would bring us again towards the 5200 USD as a main support and then to 4400 as a secondary target...
There is a bullish count as well, IMO very unlikely but not invalidated yet:
As I said, I don't see this Bullish Option with a high likelihood of occurrence but we have to see if BTC can hold the support around 5830 USD instead.
Weird times indeed.
@toofasteddie*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.