Bitcoin (BTC) Continues Consolidating After Bounce From Support

[Churphans]

Bitcoin (BTC) has been trading inside a symmetrical triangle since reaching a local low daily close on May 30. It’s approaching the convergence point between resistance and support, at which time a decisive movement is likely to occur. The six-hour chart shows a symmetrical triangle in place since the May 19 low. This is normally considered a neutral pattern.
Furthermore, technical indicators are neutral. The MACD is close to the 0-line and the RSI is at 50.
The closest resistances are found at $41,200 and $48,200. These are the 0.382 and 0.618 Fib retracement resistance levels.source