After the great runup on BITCOIN, we have seen some back and forth action recently.
It could be forming a classic head and shoulder top here, which could setup a bigger correction, maybe down to the usd 1500 area. If we take out the levels in the blue box on the chart, the risk increases for such a scenario.
We could ofcourse just be in an extended consolidation, but then we should bounce from these lower levels in the blue box and power higher.
So over the coming days and weeks, keep an eye on these levels on the chart, they might be important for the next trend.
