Red trend line is long term resistance. If broken I expect to see the bottom tested which may dip into 6k area if the 8k area is broken.
Comment:
Moving sideways inside a strong psychological shopping channel, however BTC has still not settled above longterm trendline (in red). I am still expecting a drop into 4 digits. Upcoming futures and next years halving seem to suggest even the bullish crowd wants to see a solid foundation before this rocket blasts off into hyper dimensional spaces.