BTCUSD Adam and Adam Double Bottom with Handle/Flag on 8 hour

Bitcoin (BTC) has formed an Adam and Adam double bottom with a bull flag/handle on the breakout price. While this could form a sign of reversal, I tend to think that the shorts are now too low; overhead resistance appears quite strong. We're in a consolidation area, awaiting breakout in either direction. I tend to think we'll break DOWN; however, I cannot guarantee anything.