In my opinion it will fail to break through it and will go back to 5800$. The cycles drawn show that we are in a bearish cycle, so only after 10 days is when im expecting BTC to go back up. Right now we are in a bearish triangle pattern. MACD shows bullish sign for BTC but does not convince me, RSI shows there is still space to go down. When we touch the 20 Day Moving average i'm predicting a big fall for BTC. After this i hope mid-september onwards will be a bullish month for crypto. We can also see a LEFT SHOULDER, HEAD and RIGHT SHOULDER on BTC. So we could expect a pull downwards soon.
I'm not a financial advisor, just doing this based on my own technical analysis! Right now im bearish but i can always be wrong!!
I'm not a financial advisor, just doing this based on my own technical analysis! Right now im bearish but i can always be wrong!!