BTC/USDT - Pennant will decide where next

BTC is in a pennant which will give us a good indication of the next steps in the market once it is resolved.

The indicators are bearish and we also have a RSI bearish divergence on the daily. This means we may be due for a correction to lower levels towards 16k again or even 14k.

Nevertheless, this is not certain and BTC may choose to smash the ATH resistance once more. Best to wait and see where market is headed before any significant trade.