Bitcoin breaks through key resistance level today, but where is it heading?

After failing to break through a two-day resistance trend yesterday, BTC reached the $5,500 level today, falling another $200 in price since yesterday's hard fork.

Just four days ago the no.1 crypto was targeting $6,200, but now has broken a key resistance trend reducing the chances of returning to the $6k levels in the near future. BTC is now due to rebound any day to briefly target $5,800, before continuing to correct downhill.

The graph below represents a potential trajectory, the red lines represents previous highs, the blue are the correlating resistance and support trends devloped over the past 3-4 months.

While a long-term correction towards the lower support trend line could be on its way, with the upcoming more promising sound of Bitcoin's next fork on November 16th in under 4 weeks, there's likely to be another bull run leading upto the fork.

Therefore BTC could be heading towards $5000-5,2000, before growing at pace targeting $7k in time for the hard fork. The anticipated value of B2X is likely to exceed BTG, with the forthcoming fork being taken more seriously than the previous.

The connecting values of June's high and September's low, as shown by the lower red dotted line, is something to consider when estimating where Bitcoin will bounce back following an imminent correct, with the green green as the predicted trajectory.

Note: Title is meant to read breaks through key support level, not resistance level! Getting confused...