I think this uptrend isn't over and after correction we will move up to start blow off top around begining of september.
For now I think we will consolidate below trend line with target around 1600 usd. If this hold and after we will keep creating another higher lows then I think the channel will remain legit and we will go to the upper band pretty fast.
We had similiar pattern few times already, 1D RSI didnt even go above 80 so imo let it chill a little bit to around 41 and if that will be at 1600 usd price then I would like to see some bullish price action.
So I think we are in green rectangle now and it's not said it's over. Bitcoin should visit prices around 20 k again but it can be solid higher low and big disapointment for those waiting for 10-14 k.
For now I think we will consolidate below trend line with target around 1600 usd. If this hold and after we will keep creating another higher lows then I think the channel will remain legit and we will go to the upper band pretty fast.
We had similiar pattern few times already, 1D RSI didnt even go above 80 so imo let it chill a little bit to around 41 and if that will be at 1600 usd price then I would like to see some bullish price action.
So I think we are in green rectangle now and it's not said it's over. Bitcoin should visit prices around 20 k again but it can be solid higher low and big disapointment for those waiting for 10-14 k.