BTC USD - Bitcoin poised to breakout of descending channel

Bitcoin may be gearing up to test the upper limit of the overall descending channel for the second time in a short period of time. Large inverted head and shoulders would indicate a reversal of the downtrend. Seeing some resemblance to the last bull/bear cycle (the one that peaked at just under $5000, then entered a downtrend which bottomed out ~$2900).