It looks like BTC could be forming an H&S (it's a bit lopsided), but inside that we are forming a small bull flag. If buy orders pick up we could be testing 7200 - 7400. If it is denied we'll see a continuation of this downard trend and we'll bounce lower once more.
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BTC confirmed my bull flag and is continuing upwards, I believe we will hit 8k in the next 48 hours.