Bitcoin has been in another downward move the last couple days and in currently in a sideways consolidation pattern.
Looking at the 15 minute chart, you can see how BTC is coming back down to test that prior low once again. Usually when we see a sideways consolidation pattern like the one we are in right now is resolved in another downward move. I am projecting another downward move that will either test the prior low indicated by the blue line or break that low and head back down toward the lower support.
Looking at the 2 hour chart, you get a better picture of what BTC is trying to do. Just a couple days ago on that upward move BTC tried to breakout of the channel but didn't even hit the resistance line before falling back down to nearly where it started. This downward trend could continue and test the lower support line again or we could see resolution of the downward move. If you are looking to trade BTC wait for it to break the trendline before entering and let's see if it will break this downward trend anytime soon.