Bitcoin (BTC) has been consolidating for a long time now and we can see a clear pattern formed. There have been lower highs and higher lows with price action being squeezed together. Many are expecting the trend to be broken to the downside, we are looking for Bitcoin to hold $6200USD! The next level of support is $5800 then $4900 and a possibility of the lowest low at approximately $3800. Yes I understand these numbers are extreme but it's possible. It's a dangerous time to be entering/leaving any trades at the moment as the market is expecting a breakout to either side. If Bitcoin breaks out to the upside then there's easily potential of that being the beginning of the next bull run. Interesting times up ahead! Have a great weekend everyone, I'd love to hear your thoughts.