This patterns seems right on the money for what could happen next. Yet, there is still some unknowns stemming from China, which could potentially spell a more bearish market going into 2020.
But I'm still confident that we've reached a new bottom now, and it'll start bouncing upwards soon. The next resistance point to break and hold steady is $7,800, followed by $8,200. There was a strong push from the $7,800 resistance, so we'll have to see how it goes soon.
Not to mention Russia has now thrown their hat in the ring with some bitcoin FUD.
Oh, I haven't heard much about crypto in Russia, or perhaps I wasn't paying much attention. What's the news from the Eastern Front?