BTC is ultimately going retest the 19,000 area and this is why I say that. On the weekly chart if you zoom out, you will see an overall bull pattern with the flag poll starting from around the 3K area to around the 14K mark. When BTC pulled back, it formed its low around the 5-6K area which setup for this current bull run that BTC is on.
If you drop down to the daily chart, you will also see a smaller flag that IF it plays out, should fill the candle WICK around the 14K mark. When this happens I can see BTC pushing continuously up to re-test the 19K area before another sell off. IMO the sell off will not be as bad as the first one and the 12-14K may become the new support zone.
Lets see what happens and how it plays out.
If you drop down to the daily chart, you will also see a smaller flag that IF it plays out, should fill the candle WICK around the 14K mark. When this happens I can see BTC pushing continuously up to re-test the 19K area before another sell off. IMO the sell off will not be as bad as the first one and the 12-14K may become the new support zone.
Lets see what happens and how it plays out.