1. Downtrend channel (Red) 2. Uptrend channel (Blue) 3. These two channels formed a triangle 4. The price is near the top line of the triangle and is trying to break up during May (for the third time, before that it happened = July 2019 and February 2020). 6. On the volume profile, the gap is clearly visible in the zone of 4000-6000.
If Bitcoin can fix above the triangle, this will become a very strong buy signal with a growth potential to the average upward channel (13000-14000). This zone will be the beginning of a new bullish trend and update ATH (peak 19k).
Just for the sake of completeness, you forgot to write:
"However, if Bitcoin can't close above the triangle, it becomes a very strong sell-signal with a potential drop to the average downward-channel (4500-4600). This zone will be the continuation of a bearish trend that started in December 2017."
"However, if Bitcoin can't close above the triangle, it becomes a very strong sell-signal with a potential drop to the average downward-channel (4500-4600). This zone will be the continuation of a bearish trend that started in December 2017."