After a minor retracement from its all time high at 2540 USD, it retraced to around 1932 at its lowest. It has broken out of it's bearish trend line and now forms a bullish flag pennant. This is the 1hr chart.
The next target price is around 2550 USD which is a possible retest and break through its resistance. If it breaks through 2550 USD, it is price discovery again.
Ethereum EIP 1559 is months away. It is always advisable to buy before any major events.
Bitcoin moving sideways
Bitcoin is currently moving sideways, to cool down major indicators to avoid overheating. Could we be looking at an alt coin super cycle incoming? Bitcoin has already done a 3X from its all time high, Ethereum is only currently 1.7 X from its 2018 all time high.
This is just my own opinion and not financial advice.