BTCUSD At Crossroads

BTCUSD has been going through an extended pullback pattern. The minor trend remains down and the time for breakout or pullback failure is drawing near. The supply line currently sits around the level $6700, failure to breakout around this area will potentially mean that BTCUSD is going much lower to find demand. The spring daily candle around previous lows is an encouraging factor for bulls, but breaking the trend line would serve as additional signal for further bullishness of BTCUSD. As of now, monitoring price action around these levels is reasonable.