If you followed my last analysis, on March 14th (upward arrow) I updated the analysis with a comment “Almost ready for takeoff”, and from there Bitcoin went up almost 27%. During this ascending wave, Bitcoin broke many lines, one of which (the thick blue line) broke with a strong momentum showing that there is a greater tendency to be bullish . However, now bitcoin has reached an important area which is the intersection of the midterm upward channel and the long-term support/resistance blue line (marked with yellow circles on it). It is more probable, for Bitcoin , to correct from there since the ascending wave has come up well enough (27%). Unless Bitcoin breaks this area with another strong candle showing that the upward momentum is still strong.