Bitcoin has had a good rise the last couple weeks as it has been on an uptrend since the end of February. Currently we see BTC nearing a prior high that has held as resistance for over a month. This is a very important level as we haven't broken this resistance for such a long period of time that if we do we should see a significant push upward. For the next week I can see one of two scenarios occurring, the first is that we break through this resistance level and make our impulse move upward, the second is that we test this resistance level one more time and see another pull back before breaking through on the next move upward.
Personally I am more keen on the second option as we have just broken through the longterm bearish trend that we have been trading within since mid December and can see a pull back occurring one more time before setting up the next big impulse move upward. I will continue to watch this and give any updates that might occur within the week if I see any big changes. If you are looking to trade it, I would wait for it to break the resistance line before entering. As always hope you guys have a great day and good luck trading.