All timeframes are grossly overbought and showing signs of bearish momentum divergence inbound. Regardless of the fundamental aspects causing any bitcoin increase of price I highly suspect the technicals and high selling pressures will move this correction downward just as it has in the past.
You can also see it's at a critical level of support (green arrows) dating back several months which then transitioned likely into a strong resistance (red arrow). It's unlikely BTC has the power to blast through this level right now.
This is not financial advice and is for educational purposes only.