I think BTC is just consolidating.

I drew a trend line on the weekly, hopefully you can see it. I believe it's going to continue up very soon. Within the next day or two I believe we'll see something happen whether it's breaking up or down.
The RSI looks like it's resetting beautifully. I just don't have a bearish feeling. Time will tell but it always seems to do the EXACT opposite of the common sentiment in the ideas. And the common sentiment right now seems to be more bearish. I'm long until it breaks that weekly trend line.
Trend Analysis

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