Bitcoin has clearly taken a break after its parabolic run up to 9k. I also notice a head and shoulders reversal across several time frames.
3 areas I'm looking for a bounce / consolidation are listed in the chart.
I do believe this is a short term micro trend reversal in the overall uptrend.
Reminder that in 2017 we saw BTC dump, then run up to its ATH in 35 days:
Bitcoin loves forming V tops and V bottoms. I'm hoping this is the start of the much awaited reversal. Eyes on the prize crossing the 200 week DMA, which is getting lower week by week. Of course there can (and will) most likely be some volatility, but I like where we are headed
Let's see!