BTC looks headed for 7400 where we see a few trend lines converge. A good place for a short with a tight stop.
BTC is likely headed back to the long term trend line but I expect more of a pullback on the way down.
An alternative macro view on the current price action and how an extended long term consolidation might look. Most people are fixated on the original BTC cycle repeating indefinitely. I am interested in how this pattern will break, based on the fundamental scaling flaws in the technology, potentially hindering new ATH's in the near future. (Amateur chart, just for fun)
Just a crudely drawn prediction for next year, I will not be trading this.
Looking at this for a potential turnaround