BTC is currently trading in a falling wedge on the daily chart. This pattern typically breaks to the upside. Why would it go up now? Because people are expecting a drop to 8k or 7k. Bears will be surprised when BTC retests 11k. Silly bears, the market will not just give you money.
Trade closed: target reached:
BTC made it all the way up to 12.2K. I don't expect more upside from here.