Bitcoin market update: #Btc has formed a W pattern on the daily, meaning a chance of a reversal towards 26.6k should we break 22,800. The RSI also has formed a higher high, indicating a possible price momentum towards the upside. Although price could go up from here, don't be fooled , that we are still extremely bearish on the daily and weekly and this move is only to trap retail, spread euphoria and form a higher low.