Although the breakout in any direction seems imminent as BTC is trading in ever decreasing range. This looks like a bull penant. However, other indiactors are pointing in other directions. PA has dipped below 50 DMA and currently trades between 50 and 100 DMA, this range is shortening. Price has dipped below Kumo cloud TK crossover has happened. This shows there is bearish trend in near future. Only MACD looks close to flippening to bullish. A dip 8.45k would present a good buying opportunity. However, a close below 7261 will flip the trend.
The 50-100DMA crossover looks likely.
The 50-100DMA crossover looks likely.