What is more important is that the is forming a negative reversal pattern which suggests that the trend may still be down. The caveat for this view is a strong continuation higher in coming sessions. If that were to happen, then the negativity shown by the signal would be overcome and the breakout signal of the will begin to take hold. The is also in abit of ambivalent mode with possibilities of leaning either way.
Thus BTC is currently at a make or break point.