Unfortunately this time although you see the same pattern has formed, the weekly chart has formed a divergence with the RSI and the 4 hr chart is forming a head and shoulder pattern so the likely move for the short term is a retest of the 42000 support area.
Viridoslaw
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@Johnedwards79, You forgot it's Bitcoin. All signs on heaven and earth don't do much. When everyone screams "It's going down" it usually goes the other way. We already have higher low and daily RSI around 50 - good place to go up again.
tonygun72
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Obviously this hasn't played out. Nice if it does, it's likely that a longer consolidation will lead to a dramatic move but I think a move to 60k would be more realistic.