A lot going on here: basing pattern, .
If it breaks out, it could begin an uptrend against Ethereum . And Ethereum is in a strong uptrend against Bitcoin . Very if so.
Finally, notice the rather curious two week cycle in the price. Sometimes the cycle measures from peak to peak, sometimes from low to low. A backtest of the breakout level over the next week might leave this pattern intact and suggest a buying opportunity.
Or, you know, it's crypto and it could just explode.