Bitcoin is consolidating for quite some time, but, if we look closely, we can see that the price is congesting and the pressure seems to be on the sell-side. Also, price action since the start of July is putting a descending triangle on our chart. As you may have noticed, I'm bearish crypto for a few months now and I expect this drop to continue. In Btc's case I expect a break under 32500 zone support and even a drop under 30k important figure. Obviously, a break back above 38 would negate this scenario
I kind of see either an inverted cup and handle or head and shoulders on the weekly timeframe, possibly? Whichever the case, I do see the bear market occurring, goodbye bull season