Bitcoin is still on its upward surge as we have seen it rise by a considerable amount the past couple days. As we can see there is still quite a bit of work left to get us to the top of the channel however, it is very possible we might see a repeat of what we had at the top of our channel ago how we bounced off the top and came back up to test it. If that repeats expect to see a break to the downside on a bigger time frame and retest that lower support.
If we look at a lower time frame chart, you can see a choppy pattern that formed after that initial impulse move. This chart is not screaming one direction or the other so expect to see Bitcoin continue to rise but keep in mind we might see a retest of that lower trendline. Keep your defense tight and continue to move your stops as this continues to rise.