What I see here is BTC is now breaking the support uptrend channel, which means it is time for consolidation. Marked blue zones can support BTC and make higher high. If BTC is able to close a candle below the red line, it is going to be a huge sign to go down.
As you see, we broke the trendline but failed to stay above it. Now we see bitcoin trying to get above it, but we failed. I think we can see a pullback to the 55k range, before we will try again to break the big resistance.
I see a rising pattern/channel on this latest structure. I expect a measured move down to around 55k area again for an additional bounce. Will this be the last dip? Overall market is bullish is which I believe it is so.
Bitcoin clears Bullfrag, approches 55k Target