BITCOIN - Further falls

As predicted bitcoin had managed to hold for a while and then couldn't handle the price it was at and a massive drop could be seen over the last day or two. There are some significant drops that have taken place over the last few days, this means that the price looks to be overextended (as can be seen by the RSI value), this could mean that the price may be getting ready for a little retracement. Overall I think that the movement overall of this pair is bearish and we could see prices as low as $5800. I would keep everyone updated on my finding over the coming weeks.