There appears to be a linear regression of resistance on BTC, noted in red (red line on bottom mirrors the slope of the regression trend because I wanted a channel to estimate the bullish movement). I believe that if BTC breaks over that regression line, it has the potential to run away, since it will be testing levels that haven't been recently traded and as such could be considered unproven.
BULLISH: BTC breaks the resistance level at 10.4k, which leaves another level, which I identified around 11.6k, as its next obstacle. I established 11.6k as a resistance level due to trading patterns in 2018, but that may hold very little water. BTC also tested this level in June 2019 and pulled back. I still don't feel confident that 2018/19 levels hold true today. If BTC breaks the linear regression line, it very well may have the potential to push much higher than 11.6k (maybe into the 13-14k region). I think that if it breaks the regression, this will indicate a huge change in potential at the very least.
BULLISH: BTC will continue to test the linear regression trend on its upper resistance, but will not break it (potentially for months). It might follow the same pattern it has shown since Dec. 2019, as I suggested on the chart.
DANGER ZONE: If BTC breaks the linear regression, but cannot break the 10.4k resistance level, I think it finds itself in "No man's land", where it will sit atop its previous resistance but not break 10.6k for some time. The MA8 and MA40 crossed around 7k and general uptrend ensued. There is still a sizable gap between the two, which may indicate continuing uptrend also, although I err toward the side of stagnation or regression, as has been seen following other instances of "the halvening".
BULLISH: BTC breaks the resistance level at 10.4k, which leaves another level, which I identified around 11.6k, as its next obstacle. I established 11.6k as a resistance level due to trading patterns in 2018, but that may hold very little water. BTC also tested this level in June 2019 and pulled back. I still don't feel confident that 2018/19 levels hold true today. If BTC breaks the linear regression line, it very well may have the potential to push much higher than 11.6k (maybe into the 13-14k region). I think that if it breaks the regression, this will indicate a huge change in potential at the very least.
BULLISH: BTC will continue to test the linear regression trend on its upper resistance, but will not break it (potentially for months). It might follow the same pattern it has shown since Dec. 2019, as I suggested on the chart.
DANGER ZONE: If BTC breaks the linear regression, but cannot break the 10.4k resistance level, I think it finds itself in "No man's land", where it will sit atop its previous resistance but not break 10.6k for some time. The MA8 and MA40 crossed around 7k and general uptrend ensued. There is still a sizable gap between the two, which may indicate continuing uptrend also, although I err toward the side of stagnation or regression, as has been seen following other instances of "the halvening".