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Bitcoin is consolidating CRUCIAL AREA

Watch this area CLOSELY!!! This is a make or break point for the short term trend for bitcoin! There is a ~60-80% chance of a breakout to the upside here if you factor in the recent CME futures expired yesterday and we have just had a small rally! A break below ~$53,100 could spell a big sell off in the short term that if breaks below 50k would send bitcoin to the upper 40ks (~47-48k) with strong support at 47k. HOWEVER if we break above our very recent rally we could see a test of the LARGER descending triangle that we are looking for a strong breakout from! If we can get above $55800 I definitely expect the next MOON to be on the HORIZON!!!