BTC Bullish Signs are there... but is it a trick?! 20k or 1.5k

We are in a Weekly range, creating a possible flag. There was a fake out recently, but we can see how the strong demand has kept prices up and above the psychological key level around 9k. We have recently broke the long term trendline, which has been active and created resistance since 2017 and we have re-tested it recently as new support. This range maybe creating a new floor for Bitcoin.

On the flip side, we are at the same level in February before the first Covid Wave and drastic drop down to the strong demand at 3.5k. The long term down trend is still active, so if we do drop, we could potentially be heading to around the 2k mark (which would probably make me sick!)

Would prefer to break out of this range either way before making any decisions.

Hope you enjoyed the analysis!