Not sure if many of you noticed that Bitcoin is actually in a rising wedge, which is a bearish pattern. If it stays in the narrow range until late September it could drop to $7k (based on the wedge height) which is strong support, and that provides additional confluence. If you apply Fibo extension from the current price to 7k, you'll notice that 161% extension is near the ATH, so if BTC hit $7k, we should buy it there and hold until $18-$20k.