I can't explain this btc chart for you, this chart is created for me to test and remember my idea after 1 year.
Bitcoin is slowly forming Cup and Handle pattern. Now begins a bullish cycle again (maybe we also will see some drop in few days to 6900-7020 lvl), so there are 3 ways to grow in this month. The most possible event is triangle continuation by yellow wave A-B and impulse after breaking of it. It's also possible to see retrace from purple wave (B) to 10564 lvl and...
Here's my second vision of BTC. The chart is completely matching 2014 year btc. Maybe i'll show you a 2014-2018 compare later. Most possible movements here are blue A-E waves with first strong resistance at 9000 lvl. The first idea :