Bitcoin has been pulling back this week following a test of the 50-Day MA on Monday with a high of 65,523. That advance broke out of a prior descending bullish wedge and expanded the top boundary line of the pattern. The pattern is deeper now showing less price compression than seen in the earlier version. Both the 50-Day and 20-Day MAs are above the current price of Bitcoin and both moving averages are sloping down. However, bearish momentum has been muted. {chart} There are two trend lines to watch that will cross on May 26. One is rising and the other falling. Consolidation behavior is likely to continue if price ... (full story)