At this moment, we can see BTC has been hitting resistance with the 0.5 fibonacci retracement line, as well slightly sitting on top of the trend line using as support. There's no confirmation yet that it would rally, we would have to see a clean break through above the 0.5 fibonacci retracement. Also a point to make, BTC is forming a bearish flag pattern from an uptrend channel, possible it could do a reversal back down but we will have to wait and see.
Comment:
A rally could still happen but a reversal back down will just be for short term, then it could pump back again after.