BTCUSD

There is a high probability that bear market isn't finished yet. We opened a new monthly candlestick below 20 MA. What it means? It means that 20 MA become a resistance ($6650), and we will see in the future BTC price at $3000 on 50 MA. When would be it confirmed? On weekly chart when BTC falls below this year lows and weekly 100 MA ($5700), we will get a confirmation of a breakdown with target price at $3000 (weekly 200 MA).