Markets go through periods of and consolidation, and it looks like the market is due to move back towards consolidation. The blue lines indicate levels within which I expect BTC to consolidate, eventually arriving between 0.5 and 0.386 fib retracement levels. Since history tends to repeat itself (based on 2014 we saw the prices retrace back to below the 0.236 fib levels) I have indicated my long-term expectation for BTC is $5800, this a from earlier months that is just below the 0.236 retracement. Before that happens I expect market consolidation, it is well over due, and we will break out of the upperbound in the indicated by many other analyses.
The other possibility, and it is a likely one, is that we do not break the 200MA and 9k and instead see consolidation somewhere below the upper blue line. Though further data would be required to find the lower resistance line for that .
I'm not a professional. This is not advice for you to buy or sell. These are just my thoughts and speculations.