BTC TA

Seeing descending triangle now on a daily chart. Also i think ABC correction is also done (unless price action break the thick resistance around 4100-4200 with a solid vol burst)

More likely, it will try touching 3800-3900 range and then fall down again. I personally think that if it is breaking 3500-3600 Support, it may fall down up to 3000-3100 to form a double bottom and confirm that support.

Two scenarios.

(1) Consolidate around 3600-3700 range, break the resistance around 4100-4200 with a solid vol burst and start uptrend. (Less likely at this point)
(2) Try breaking testing the resistance around 3800-3900, come down to test the support at 3500-3600 and if that does not hold, fall down till 3000 USD.