1. Forming a rising wedge - if it occurs in a downtrend then it acts as a continuation pattern and in an uptrend its a reversal pattern. 2. Bearish divergence on RSI and MACD
Waiting for the confirmation if it breaks below the rising wedge, target of a dip is shown in the chart.
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So far, BTC is bearish, it got rejected from wedge's lower line. There is a strong support at 53164, price could also bounce back from it. If it breaks below this level, then for sure BTC will meet the target mentioned in the chart
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That is amazing, it exactly reached the bearish target after breaking the wedge!