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BTC/USD update:

Short time frame: Bitcoin is currently in a downwards spiral and seems to be falling lower and lower every day. Hoping for higher prices is now something that people are laughing at. Bulls tried to cause a breakout but failed swiftly after attempting it. We're now falling down to previous lows and possibly even lower lows. As this situation keeps on unfolding we will update you further.

On a larger time frame we see that bitcoin is being contained in a downwards headed pitchfork. This means lower prices are something to expect. Though soon there could be a breakout. If you look at this chart you will see that we're following what happened a few weeks ago and right now we're very close to a larger breakout. How large this breakout will be is something we can't say. But things are pointing in that direction. Fractals (history is saying we're going up soon, falling wedge forming is pointing in that direction and the fact that Consensus event is only two days away makes me feel we're really ready for a breakout any minute now.
But, even if we see breakout, probably it will be stopped around 9k. All thingsare showing that we are heading down and 7k will mostly be our reality very soon