If you believe in rising wedges, and trend lines.
Updated
Seems like a rising wedge was breached by a huge drop and is now just bouncing back up. I reckon if the long term trendline (purple) doesn't hold, we're in for a fall. 20k was a significant number, and not breaking past and holding that may be a 3 year double top, as those who bought at that level 3 years ago are liquidating their BTC for a slight loss. It's a tough cookie to crack for sure, and it may mean a short term reversal affecting everything else. We shall see.
Note
Ah, could be wrong on this one. It is showing strength.Note
haha I was wrong the second time around when I doubted my initial observation, seems like it was weak after all.
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