Bitcoin has a clean pattern on the Daily. It looks like it spent good amount of time in correcting the impulse up and now its possibly attempting to breakout. The recent spike yesterday could be the start of this consolidation. From where it stands Bitcoin can actually go back and retest the lows but I think that probability is low. There is a possibility of consolidation near the trendline and a breakout to the upside can push bitcoin to retest the impulse highs again and possibly go beyond. I see this as a buy opportunity , however one needs to wait for that consolidation to complete before going long and for a good risk/ reward. So IF the consolidation completes and breaks to the upside, THEN it can be a good buy, ELSE wait for more data.
**This is not a trade advise**
**This is not a trade advise**