I'm expecting Bitcoin to continue consolidating in between these two lines and from here right now actually wick $55,218 as well as the downtrend before moving back down and going lower before we post higher highs such as hitting $68,361 (3.618 Fib level).
Bitcoin is in the middle of a reversal and looks like it just bounced off of the $51,689 level as a potential support. If this level holds true, expect BTC to wick $54,028 and $55,218 as TP’s before pulling back down.
If we lose the $51,689 level of support, the next level its going to wick is $47,140.
As always please do your own research, I am not a financial advisor.