Bitcoin Rejecting at Resistance! Will it Crash?

The 4h chart for BTC is still playing out perfectly. You can see it rejected on the 200 EMA (pink line) and recently rejected at the horizontal resistance of $17,167.

I'm expecting Bitcoin to at LEAST retest the bottom of our upwards channel at $17,000 and possibly falling to $16,736 (with a dip lower to form a bullish divergence) then bounce to retest the $17,167 resistance.

If Bitcoin breaks above the 200 EMA, I'm FULLY expecting us to test the next MAJOR resistance of $17,640.

If you enjoyed my TA or have any questions on the indicators used, please leave a comment below or send me a PM :)