Bitcoin price not in a rally

btc looks fairly repetitive in the channel. The previous spike should have gone a little higher, so this slight spike made up for that. As after every spike it drops again. Rinse, wash, repeat.

Nota

Now it looks like it could be in a rally. Its gone above resistance level of 50k and has bounced rather quickly. Lets see if it can hold above 50k. If it continues its upwards trend it will encounter several key resistance levels. My feeling is that it could potentially reach somewhere around 60k but not sustain any further. Market decides and we can only watch and react. Predictions are just predictions.

Nota

Also to note that its also gone abve the 10EMA

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