Could do both, sharp rise & BTC bonks its head on some ceiling and falls down to say 40k.    I try not to forget BTC can be very volatile, sometimes it drifts but its true nature is erratic action.   My larger reference for that would be the Dollar itself, a quick check once again we hit the 100 mark on DXY and its risen from that point strongly.  2% rise in a few days when we're talking trillions is like a wheelie down by an oil tanker so thats a door slam for BTC getting an easy path upwards for the moment at least.
   I'd rather bet on downwards objectives ideally unexpected with good odds for that outcome.  I'm generally bullish in a developing kind of way though, just my view is the long and winding cliff top road.