I can't conclude this as the next BTC run just yet. For that I would first want to see a close and some consolidation over the first fib level / previous triangle high. Then the chances for a rollover are most likely gone. If we at some point retest the all-time high of 20 000 USD, we should eventually break through and confidently resume the BTC bull-run.

In the meantime I would not be surprised if we went back to 16 000 before finding the strength to pass the 16 500 fib resistance.