I noted Bitcoin's $BTCUSD price top that was formed in the past couple of weeks after price stalled at around 4450. I noted limiting bearish expectation to 3500 (I have seen much stronger downside targets from other chartists who also "predicted" price topping around 4400 or 4500). BTCUSD 4H Chart (click to enlarge) Failed Top?- After the completed head and shoulders price actually didn't extend lower much before rebounding. - The fact that price broke above the shoulder killed the price top. Instead, we are probably looking at either bullish continuation or a larger consolidation - we don't have a bearish correction.- Why am I not surprised of this pop? 1) I saw too many similar opinions about a sharp bearish correction. 2) The RSI here held above 40. This suggests maintenance of the prevailing bullish momentum. What Now?- Now, this increases the chance of bullish continuation that might bring price back towards 5000. - However, if the RSI holds under 60, we are likely still in consolidation, and downside to 4150 or even 4100 is possible. - If price can push above 4000 and the RSI does climb above 60, then the bullish continuation scenario is stronger.