Looks as though bitcoin is following a bullish falling wedge pattern. We have seven waves inside of the triangle, a breakout, and a retest of the former diagonal resistance, which is now acting as support. The ending of this week's candle will be crucial in determining BTC's future price movements. If things do break to the upside, the four previous peaks (0, 2, 4, 6) will then act as horizontal resistance to the price as it moves up.