Once again, Bitcoin has shown a strong upward trend with a peak of almost 16K. How far can BTC still go, or will there be a healthy retrace? We're going to go over the possible scenarios. The weekly looks pretty bullish in terms of the indicators but at the same time the rsi and lbr also show a possible breathing space. The next resistance level is at 16.5K - 17.3K. Support is on the previous highs (13.9K) and below that 11.7K. 
It seems that a top has been put on the daily chart. Normally I take 3 candle closes to determine a top so actually I should close today. But given the chart I think we can determine it in advance. And when we do that by means of the fibonacci we see the levels that are most often tested back are all in the blue/yellow block where we also see the previous highs.
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The ema's are in favor of the bulls while the rsi seems to have trouble with it. There has just been a rejection from the ema and at the moment the rsi also seems to want to cross the 70 line downwards. The lbr is still above the signal line but if it also goes underneath then that is a nice confirmation of a breather. 
After setting a higher low, there seems to be forming a lower high. This could be a confirmation of a temporary drop with a short term test of the previous highs that also have confluence with the 4h fibonacci levels and especially the golden pocket. But before that we also have a trend line (blue) running that can also serve as support. The ema55 (which is not on the chart) also runs alongside this trend line. Although a trendline with two touches is not confirmed enough I will keep an eye on it.
The ema's are in favor of the bulls, a retest on the ema55 or 100 can still be called bullish. The rsi doesn't know very well what he wants and constantly changes places with the ema and are around 60 on the scale distribution. The lbr and macd show the same with the main difference that the bearish momentum on the macd starts to decrease while on the lbr there is still some bullish momentum. 
Conclusion: Longterm can't be anything but bullish and I expect that we will see the 17K limit this year. In the short term I think a retrace is plausible. The first support zone we should keep an eye on is the golden pocket zone at the 4h (13.8K - 14.2K). If this is not possible, then the daily golden pocket is still in the much discussed blue/yellow zone (11.7K - 12.5K). If we close here on the higher timeframes just above then I am bullish. If we get a daily close below the 4h golden pocket it might be wise to take a look at a nice short setup.
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