BTC price is fluctuating within an ascending triangle that is within a symmetrical triangle which is within a massive falling wedge!
The ascending triangle is very close to the top of both symmetrical triangle and the falling wedge, which means that if we see a breakout of the ascending triangle it is very likely that price will also breakout out of symmetrical triangle and falling wedge formations!! Another supporting fact is that I noticed that right now as BTC surges ALTs actually tumble! This means that money start to flow from alts back in BTC providing further support for a bull-run.
As a counterargument, there seems to be a lack of volume and in addition Elliot's waves aren't complete.
In conclusion keep close look at this small ascending triangle formation and set stop losses.