BTC failed to hold above 6K. The lower high series continues, which makes a net channel down. If so, then where is the settlement price? I am looking for: Price adjustment between two successive ATHs i.e. Fibonacci level 0.886. Equal-height method also projects back to the price predicted by #1 Fib level. 2017 highs as future support for mid-term. The chart below annotates, the supports in red while the resistance in blue.
Bitcoin Technical Analysis