Bitcoin has formed a double bottom on the daily chart and a higher high at $6520.15. We are now watching consolidation for a higher low compared to the double bottom of $5790 and then a higher high above $6520.15 as the bulls are trying to form a reversal candlestick on the weekly chart. On the four hour time frame multiple inside bars have broken bearish, so we will now look for healthy consolidation and our daily higher low to be set.

Daily Chart: