Well, I expect Bitcoin being Bitcoin going strongly in one direction as soon as a trend decision is made. IF we break higher "above 236 and continue moving towards 240" THEN I think we have the start of a new very large rally. Because we are getting closer and closer to get support from the 50 day SMA. Since so many traders trade with the 50 SMA I expect them to see that as a strong sign of support, meaning heavy buying if we go higher than 240.
We are still in a very large uptrend channel, the market is so far only way too depressed to figure this out.. hence my last bearish comment.