Bitcoin has been consolidating for a number of weeks now. However, today BTC has broken out of its previous trend.
Look for a retest of the breakout level before moving upwards towards the all time high.
A break out will typically rise, show a few confirmation candles above the break out, drop back down and tests those break out levels (green line marked on the chart). A bounce happens (previous resistance becomes support) and the stock continues upward.
Look for Bitcoin to move up towards the yellow circled area on the chart in the coming days.