Following these patterns I see a little rise before a downward break. Next buying opportunity between 7k and 7.2k I suspect. If it breaks support we could see a significant retraction. This is what I would expect, however, crypto seems to defy gravity sometimes. We could see another double hump, we could see it break up, we could see it plummet. Only time will tell. I'm overall long on BTC but I'll be monitoring closely around 7k to see which way she goes.
With crypto catching on more and more by the day. Unless bad news comes out about crypto in general, I don’t see it going back down to 7k. This is not a typical stock that everyone keeps trying to think it’s going to do the same pattern. How many normal stocks have $2-300 swings every day. 8k held and is continuing to do so. It should hold these levels and continue to consolidate and then start making its way to 9k. It will probably test 8k again but would be shocked if it went any lower