Bitcoin is once again falling, right now we are down 2% and trading around $6700. That means that we are one step closer to the potentially supporting trendline at $6500. However, I just discovered that there is more downside potential if you look at the volume history. There is big gap between $6850 down to $5900, so right now we have already entered that area and that could mean more trouble ahead.
But there is some hope in the intermediate future, the weekly chart is currently in a falling wedge pattern and that is actually a bullish formation and if we break out to the upside from this formation we could get a major breakout to the upside. However, that will likely not happen until the end of the year or beginning of 2020.