BTC potentially looking even more bearish

btc could be forming a descending triangle here and could see levels as low as 52k in the bearish case if it stays below 60/61k. In the bearish case though a drop to the low 50's would be healthy and i dont believe it will be in that price range for very long, following the dip we could see btc flying in a very short amount of time.

However if it bounces from here this could be the beginning of the run to 70k+ heading into the holidays in the bullish case.