I personally would like to see bitcoin blast up to new highs but I have to remain objective here.. I currently see this descending formation and with bitcoins latest drop in price, I would need to see new highs be made in order to change my bias of a further downside push. I can see a potential push up short term but it could be the completing shoulder to a head n shoulders pattern back down to complete the fib series to around 45k.
To invalidate this, the last high on the 1 day chart needs to be broken otherwise.. strap in.