BTC is approaching the apex of this formation and we should have a breakout today/tomorrow.
For now BTC is brushing the dotted support line and unfortunately on daily the MACD is bearish so bulls really need to step up otherwise I can see us fall to $54k.
The bull case should take us to ATH again and perhaps we can move beyond it if bulls come in strong.
All in all, BTC is consolidating nicely so even if we drop to 54k we remain comfortably bullish.
We need to wait for this formation to clear before we can re-assess the chart.
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For now BTC is brushing the dotted support line and unfortunately on daily the MACD is bearish so bulls really need to step up otherwise I can see us fall to $54k.
The bull case should take us to ATH again and perhaps we can move beyond it if bulls come in strong.
All in all, BTC is consolidating nicely so even if we drop to 54k we remain comfortably bullish.
We need to wait for this formation to clear before we can re-assess the chart.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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