BITCOIN Consolidation Continues, Rejecting At Double Top

Short term, we saw a test of a double top at $3,418. Likely, bulls are NOT going to push past this in the short term (me thinks).

The current hourly charts might seem interesting, but there's a big wall that they'd need to get passed all of a sudden out of no where in order for that to happen. The resistance has been tested and set now at this point. It seems like the most plausible course at this time is just continuing consolidation.

If we do see a rally and break somehow, I'd expect to see it with declining bull volume, signaling a bear flag.

On the daily, we're looking at forming a 3rd inside bar -- well, technically 2nd, but all the other crypto's are in their 3rd so far.