On the hourly chart, Bitcoin is forming cup and handle chart pattern, we're expecting an intermediate/short term goal to $40k. Bitcoin needs to break this resistance to see a continue upward trend.
Trade closed: target reached:
In term intermediate/short term goal, BTC did reach almost $40k, but we all know that at the moment BTC was about to break out, Elon released his Tweet, which in turn caused FUD and that's why we witness such a big red candles