After consolidating slightly above its lifelong 61.8% fib retracement, BTCUSD
is sitting at a critical juncture. Having moved back above its 200 day MA, BTCUSD
now needs to break above the top boundary of the pennant
in order to get a sustained upward rally. Also, if the 50 day MA reverses to an upward trend, it will give BTCUSD
a lift. Otherwise, I expect to see sideways movement.