1. Form a symmetrical , break that pattern with a high , and make a new all time high
2. Form a pattern and go to the 9000 resistance and pullback
3. Break the 9000 resistance and a potential downtrend for bitcoin
For scenario 1, we must look at the . If the line crosses the signal line we could see an upswing and bitcoin will test the top triangle . If it breaks the top triangle with a high we could see a new all time high for bitcoin .
For scenario 2, as I mentioned before bitcoin creates a pattern and will get a resistance in the 9000 level. If we hold that 9000 level we could see a pullback and bitcoin is still in an uptrend.
For scenario 3, if bitcoin falls below the 9000 level which is an important resistance as i mentioned before because it is near the 21 (In a bull market bitcoin always bounce up when it hits the 21 ) it will be a bad sign for bitcoin . It could be the end of the bull market for bitcoin and the beginning of a downtrend for bitcoin .