Figured at some point we'll make another leg down further to 25k or so. Timing has been most difficult. The pennant is closing in. The pennant is starting to droop downwards, which is the sign that it's almost over; however, that often means one more attempt up. We may be looking at one more attempt to break above around 37.5k, but ultimately, I see Bitcoin capitulating soon after. It's less about if it's going to happen, but when it's going to happen...a week or so?
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Keep an eye out for the potential reversal right here. Just as the 1.618 fib determined the local top, the 1.272 can just as likely be the local bottom
