Last week, Bitcoin $BTCUSD rallied from around 12.5K to over 17K over the weekend. However, after a double top around 17K, price has been retreating sharply.BTC/USD 4H Chart:(click to enlarge)In the 4H chart, price is falling back below the 200- 100- and 50-period simple moving averages.Price is also breaking below a rising support. Furthermore, the RSI has fallen below 40, which indicates loss of bullish momentum.This dip can extend to 13470, where we should monitor for support. If a subsequent rally fails to break above 16K, we should strap up for further correction.Bitcoin is essentially in a consolidation mode, and should be considered Neutral-Bullish.Price action might be bearish in the short-term, within the context of a consolidation or bearish correction.But I would still consider Bitcoin bullish as long as it holds above 10K, which will be a key psychological pivot. From CoinPowr.com