After falling from around $8500 to $6000, Bitcoin $BTCUSD started to consolidate. On the 4H chart, the price action looks like a possible rounded bottom.BTC/USD 4H Chart(click to enlarge)The price bottom attempt got some momentum when price pivoted above $6200.A break below $6200 now would open up the bearish continuation outlook.Also, price failed to close above $6600, so a break above that would open up a bullish correction scenario.With price in the middle of these pivots, BTC/USD is at the crossroad. However, there is a bearish bias.Note that price is under the 200- and 100- period simple moving averages (SMA).Also, the RSI came up to 60 and turned down. This reflects maintenance of the bearish momentum. Finally, just the shape of consolidation in the past week was a sign that bulls are running out of gas here in this price attempt. I wouldn't be surprised if price finally breaks out of this consolidation this week, especially to the downside. The bearish scenario first has the $5850-$6000 area in sight. Most likely, if price can get back to this support area, it will continue down towards the $5600 and $5000 area, which represent support pivots seen on the daily chart below.BTC/USD Daily Chart(click to enlarge)From CoinPowR