Although BTC is still trending in the downward channel we do see some signs of bullishnes by the forming of a bullish flag on the 4hr chart.
Further bullish signs are the upwards momentum the last few candles (4hr) as well as leg 3 (blue) that needs to start developing now.
Going higher will not be plane sailing as BTC will face a lot of resistance on her way up. Currently the EMA 50 (orange) is right above her and some more resistance at 0.618 Fib and $8000.
However, i do think we may have turned the tide and will go higher from here.
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