The psychological level of $6'000 is under a lot of pressure. If it breaks, the price could see a drawdown leading to levels close to $4'000.
Current support/resistance: $6'000/$6'400
This weekend saw only red candles, starting to form a price close to $6'800 Friday and closing at $5'880. Surprisingly, even after a close below the $6'000 support, a quick bounce was noticed this weekend. One shall note as well that the 20 days moving average is now at the level of $6'000 reinforcing its role. If this short term recovery lasts, we may see some new tests at the $6'900 level. On the other hand, as the current economic situation is highly sensitive to news, a sign that Investissement may be at risk, could hit the price severely.
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