Will it break to the upside or the downside? My opinion is that BTC is going to break to the downside. Because I reckon that healthy markets should retrace when it moves into a bubble or blow up top. When you look at the extrapolated move, it would make so much more sense. If BTC does heads towards the fib. golden retrace. $7500 region. Hopefully once it's reached, it will rocket up back to towards the moon. But the worst case bearish scenario is, that BTC heads towards $4700 region creating a higher low, before it goes towards the moon and perhaps even beyond. Good luck and be cautious!
