BTC broke the downtrend, but is the pain really over?

Does this mean the uptrend is set to resume or is this just a dead cat bounce?

Personally I think the price will bounce a little higher, but then I think it will go back down and retest those lows over the coming weeks.

So, for me it's a dead cat bounce.

I think the price needs to consolidate for a few weeks before we are ready to start going back up again.

Go up for a few days then slowly drift lower over the coming weeks until we get down near $5k, at that point I think the technicals will have reset and the price will be ready to a make a new charge back at those highs.

As always, do your own homework and don't base your buy or sell decisions off of what you read here.