This is a simple trend analysis of BTC price movement. Since the head and shoulders formation, we have seen an unstoppable rally. BTC is currently testing a former support, current resistance line. IF BTC can overcome it with ease we can expect the channel to continue its course till it hits around the 12,000 mark. However, If the price respects the resistance line than expect to move into an accumulation period with the probable formation of a bull pennant.