While many investors are hopeful and cheerful about this somewhat positive price movement, be aware. This could very well morph into a classic head and shoulder pattern. Bitcoin can test the lower blue trendline, to consequently get rejected by the upper trendline making the H&S pattern complete. Also, there are quite some important levels to break for BTC. BTC is nevertheless still trading in a very important triangle (see upper and lower trendline), take into account that it can breakout in both directions. Let's see if this H&S will become reality.