BTC: The price is cooling off!

BTC has been on a crazy upside rally without a cool-off period! The momentum had gotten weak, and bearish divergences were visible on many timeframes, but despite that, BTC was putting in new ATHs! Now, it seems like the bearish divergences are playing out, and the price is cooling off! This is much needed in order to maintain a healthy uptrend!
The price is cooling off in a bull flag pattern, which is a bullish continuation pattern. This could be an excellent opportunity to buy some Altcoins! A break above the bull flag will most likely mark the start of the next leg of the bull run! The next leg could easily take up to 80k if the price breaks the red resistance! But if the price breaks the support zone, a move to 55k-57k will most likely happen.

Where we are now:

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Comment:

Support holding for now!

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Time to retest the blue resistance Zone! If it breaks, a move to the red zone will likely happen!

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Broke to the upside!