And bitcoin breaks $6k

What comes next?

Is anyone actually surprised by this?

The writing has been on the wall for weeks now as the price action has been terrible.

Every time bitcoin has popped, it gets aggressively sold.

(Source: https://www.forexlive.com/cryptocurrency/!/bitcoin-slumps-to-a-new-2018-low-20180624)

The one good thing bitcoin has going for it right now is that it is getting further away from long term moving averages.

Often this happens at bottoms and tops.

It's called reversion to the mean.

We are likely near a point where price snaps back to some degree, though we are not seeing it just yet.