TrendFather

BTC 6900 or 7800?

BITFINEX:BTCUSD   Bitcoin
Since sellers were able to break through the trend line (green), most likely the price will come to 6900.
But before that, buyers need to break through the local support level of 7140 and fix below, then there will be a price reduction to 6900.
Indicators MA 14 (orange) and MA 28 (violet) downward, which hints at a downtrend.

If buyers can raise the price in the corridor to MAs and can fix the price above 7420, then the growth may continue to 7700.
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