Three possible scenario for bitcoin:
1. Form a symmetrical triangle pattern, break that pattern with a high volume, and make a new all time high
2. Form a bear flag pattern and go to the 9000 resistance and pullback
3. Break the 9000 resistance and a potential downtrend for bitcoin
For scenario 1, we must look at the MACD. If the macd line crosses the signal line...
There is a MACD hidden bullish divergence on bitcoin which is a bullish sign. Bitcoin major support is at 9000-9400 level near the 21 weekly EMA. If Bitcoin doesn't hold that level there is a potential downtrend on bitcoin.