I believe this current formation is a flag, a bullish sign of a possible further break upwards.  The flag is formed after consolidation post a rise through resistance.     I'm not that familiar with flag action but I just hear it mentioned alot in stock markets as they are at highs.  
Bitcoin bears a parallel generally in that they both benefit from the zero interest rate policy for dollars.   Though FED has raised rates again recently, it moves in very small amounts and lags the inflation rate which is higher then base rates.   We have at present negative rates when accounting for losses to inflation, this benefits market speculators with far lower costs to borrow any other time in history almost.