Bitcoin faces short term resistance at its previous high. See the chart below:
The move in Bitcoin has surprised all and rewarded long term trend followers. Now it is facing resistance at its previous peak. It might consolidate here a bit. See what happened the last time it faced resistance. It consolidated but then broke out and made a huge move. Will this time be similar? Only time will tell but probabilities are in favour of Bitcoin making a huge move after breaking out.
Financial Finesse 