It looks to me like it will test the $6k daily demand zone, which would also be the downtrend line from the peak, which it broke through to the upside in late April. Might hold up there and turn around.
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Yeah, that $6000 is do or die level . It was the original origin that push price to $19k back in late 2017. Price also reacted to that level twice before...Feb and Apr. Let see what happens next.
The fact that good news doesn't seem to push prices up... at all... is troubling to me.