SUMMARY
Bitcoin (BTC) is still within the symmetrical trianlge and given the recent three points of higher lows, the breakout is likely be to the upside rather than a crash decline.
On a wider scoped perspective, the correction could be entering the sideways stage or the basin phase. The blue arrow is contouring a rounded price formation that would rally into July after a period of lateral price movement.
The long term support line (blue) needs to hold. Given how much the seller strength has been sapped, a sizable rally is more likely than a crash scenario. Keep an eye on the MACD because once it breaks upward; price won't be putting in lower lows anymore.
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