BTC seeming indecisive, so many patterns!

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BTC medium-term pattern is looking not dissimilar to many current short-term alt patterns!

On the potential positive side, the price, although falling, is following the downward trend-line and for the time-being is using this as support. If it continues to act like the alts, then where this trend meets the upward trend, we would hope for a future upward movement. In addition, we can see an indication of positive reversal in the RSI - while the price has formed a higher low, the RSI has formed a lower low/stayed the same, i.e. despite weak momentum the price is showing underlying strength.

On the negative side, the more recent movement may be developing into a bearish head and shoulders (full retrace to around 12k) with a cross of the short and medium term EMAs. Over a longer period, a bearish rising wedge may be indicated by the black lined channel.

Hopefully the price, currently bouncing off the long-term EMA , will find enough support to rebound where multiple trend lines and previous support channels meet in the next 24-48 hours.
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