Quick analysis: While the longer term weekly chart shows BTC to be downtrending, it's worth looking at some important possible levels on the two hour chart, which indicates a slight near term upward move. Being in this pennant/channel, if BTC is able to hold what appears to be around 33,000 and break above the upper resistance, then it can shoot up higher to previous highs around 42,000. If it fails to hold 33,000, then we can look for it to test 30,000 in the near term.