We have a bearish butterfly showing on the Bitcoin chart. We will see it reach Fib extension 1 at which point it will have reached the highest point of the bearflag, thus reversing and trending towards 11k over the coming days.
Comment:
This is the updated version. As there is a cup and handle forming there will be upward momentum for now, but be cautious to exit the trade in time for the bears to ride it down again.