BTC is in the C wave of and ABC correction of the larger Crypto Bull market. It has an extremely high probability of dropping below 5500 within the next few weeks.
This analysis is based on a multi market analysis of Coinmarketcap.com, BTC, ETH, NEO, XLM, LSK, and more using tricks picked up from 30 years of technical analysis of markets and years of managing tens of millions of dollars as a top ten ranked series3 licensed former Commodity Trading Advisor. I only tell you all of this because there are too many new and inexperienced traders and market analysts giving bad trading advice to other newbies. I want to save you some of the pain I went through over the years. I learned the hard way.
Happy Trading.