I've seen some people calling for a blood bath for BTC/USD and what I can say is the trend is your friend. If history rhymes, then yes, there will be a small dip but it will push to a new ATH before a longer deeper dip to the lower channel. The chart shows this clearly.
Trade active:
We hit ATH again but it didn't see a hard bounce - at least not yet so I expect some consolidation and another run for a more spaced out ATH with respect to time frame then a potential bounce down. Additionally, the volumes aren't as large as when the other ATH's hit, this is just the start.
Trade closed: target reached:
Look at my other BTC chart