Bitcoin and other cryptos are seeing a nice rally this morning coming from the news that Amazon might start accepting BTC. This is all rumor for now. Here's the 4-hr chart.
There's a potential head and shoulders pattern forming on the longer scale. I wouldn't act on this in any capacity yet. BTC is also approaching the tested downtrend resistance line which has been tested five times and held.
Bull volume is falling, and on the shorter scale charts, bear volume is dominating the incoming bull volume even though bulls have held prices. This is mostly due to the lack of support on the way down from the last pullback which hasn't created any resistance for the way up, allowing bulls to move price up without much effort and volume.
Several resistance levels (including the trend line) are approaching, and with a complete lack of bull volume, it's likely to think we'll get held up in consolidation here or possibly a pullback.
Longer term charts are showing a change in momentum as bulls start to take the technical edge.
The daily candlestick should be an indication of how momentum will play out. If we see a long upper wick of profit taking then I'd expect a continuation of a down trend. If bulls can hold and we see a nice green candle today, there's a much higher chance of a trend change and a continuation of bull momentum.
Be cautious and good luck!