A month of downward consolidation ahead of the curve

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is solely a prediction based on technical build up seen similar to the price action in 11 June - 16 July of 2017. That was a 39% correction but I don't believe we will see such big retracements in this bull run unless a huge fundamental bearish news is received. During this time will come with mixed price action for different alt coins. Some will follow Bitcoin and some that are at the verge of breaking will be moving on its own.
Comment: My 47k support held. Things are looking bullish as ever. Now its time for 55.8k support to hold to continue and break out my diagonal resistance. If it doesn't we always have the 52k to rely on but I prefer not to see such lower lows anymore or this might turn bearish quick on macro scale.

Need BTC to stay in 55-58k range