Bitcoin could be forming another bullish pattern after the five-week consolidation.
This looks like a bull flag, so we need a break above the upper descending trend line to trigger the buy signal.
Today that level is around $78,500 but the level declines by about $500 per day.
So over the weekend, a break above 78,000 should trigger the buy signal.
The lower trend line to the flag pattern is around 74,500, so a break below 74,000 would be a more negative signal.
