$BTC ... Bitcoin is forming a nice consolidation triangle on the H4 chart..bullish pennant. This shows that BTC is still very bullish at the moment. The pennant will break to the upside. The objective of the pennant will retest the fair value gap left above during the last run where the bear may come in to challenge the movement ...
BTC, is presently rejected from a very important resistance on the weekly chart, $49,000 zone. If BTC can close above that on the weekly chart basis, then BTC becomes purely bullish and the bull run starts...But on the down side, I will like to see the second wave on the Daily chart which can bring the price down to $39,500. But before this a small pump to 44.5k/45K will not be a bad idea. To sum it up, every drop will be good for a buy until the next liquidity is picked up from the Daily chart...