BTC is still bullish overall. But for now there is a correction taking place.
We can see price dropped down from daily 50 EMA. BTC now is searching for lower supports.
Bottom of the pitchfork channel or the green box support can protect BTC from falling further on bullish aspect.
If price cannot hold the green box, then next target is red box major support...
Watch for BTC dominance. If everything goes well and the price breaks the triangle up, we have 0.439$ price target.
Just do your own research and make your own decisions.
Looking at the weekly chart, I can say that BTC is at a decision point going down or up. Current price is trying to break fibo 0.618 golden rate and jump from here can lead to new ath. But closing this week under this price can lead to more shorts. Coppack curve reached to 0 and this generates a sell signal. ADX is going down and bullish trend strength is coming...
