Factor to suggest BTC won't retrace further (short-term)

Updated
BTC seems to be currently consolidating above the long-term pink trend line, it'd be surprising for it to break down below that. Instead, it may rise further from here instead of going down.

Heres a close up of the pink trend line holding it as support-->


snapshot

P.S. im a noob, just posting for fun
Note
snapshot

Following the trend line perfectly...
Chart PatternsTrend Analysis

Disclaimer