Bitcoin not totally out of the woods yet.

Monthly chart.

Could still be a backtest.

WHITE line is the closes of the double top so the highest a backtest should go. (Sometimes goes slightly higher called a hard backtest and still resumes down).

Red and yellow lines show a POSSIBLE bear flag. Bulls need the yellow line to hold. I’d be really nervous in Bitcoin if yellow line breaks.

For the bullish case bulls need it to blow higher through that white line. If doesn’t come back down below the white line, the bull run could resume.