#Bitcoin is consolidating in the "Bull Flag Formation" on the 3-day view and signals recovery above the price formation support.

The Ichimoku Cloud, which provides additional support, indicates upward momentum.

A possible break above the formation resistance will be a bullish confirmation and will signal a potentially strong upward pricing.

On the other hand; If#BTCfalls below the formation support, this will invalidate the formation and could be a possible bearish sign.