Bitcoin. Technical analysis does work

As projected - $7,300 would be our top of the impulsive wave up. We didn't quite reach that height, which leads to me to believe the move downward to $6,500 is very likely and $6,000 an even greater possibility.

All we can do is track the beast and project.. NEVER predict.

The RSI (Relative Strength Index) is weak

We are oversold, and a bounce back to the Yellow horizontal channel is likely, but favors a downturn come the red down resistance.