Been watching bitcoin since 2013. Just my opinion
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Watch for bull trap.
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If Bitcoin is unstoppable it will keep going up. Otherwise, it was a bull trap and we are in for a correction like something along red line
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Got rejected on that fib line. If it doesn’t retest soon I think we’re looking at it going more towards the red track
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It’s at the gas station
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It could retest and continue bullish. If it drops to the lower fib it’s most likely a correction
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Still could make a bull run to 25-30k
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Tbh kinda bullish now current moment
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This dip is crucial.. if we see it go to where that candle wick is right before 2018... it’s probably a correction...
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If it goes more sideways, there is chance for another bullish run
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*deeper correction
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If it goes below 12k, it could be bad. If it retests support it’s still bullish
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Seen this pattern before at current time and it still kept going to my surprise. Also the longer it corrects, potentially the more gas it has to go higher highs imo
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Testing support