BTCUSD forming descending triangle and consolidation phase.. As of now BTCUSD is respecting descending triangle hence expecting range of 39000 to 32000 till we break above descending triangle .. Consolidate... If break this trend line.. it almost becomes like a Pennant flag... Assuming that descending triangle complete breaks down below 30000 then another 10K fall possible to target 20K to 22K..
If flag pattern complete and bullish set up confirm then we can expect another rally to 50K to 60K...