The upside is now becoming more and more limited, while the indicators are flashing sell signals, and showing signs of exhaustion. I really doubt that there is much upside left, if any at all. We've rallied 80% from the low, and we are becoming increasingly due for a pullback in the coming weeks. In 2015, Bitcoin rallied 93% from the low to the high that pierced the hit the weekly 50 MA. So, this rally has been similar in percentage terms, and nearly identical in it's movement. So, until we see a major deviation, there is no reason to believe that price won't continue to follow the same general movement patterns that we saw in 2015.
Remember, it took months and months of testing for BTC to break down below the 6000 area. It is extrememly unlikely that BTC would be able to surpass it without some potentially big failures on the way back up.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***