Well, Bitcoin didn't exactly squirt out of the end of the pattern ! The Bollinger Band squeeze continues, when the inevitable range expansion occurs, the move will be impressive.
Up or down? The air is out of that bubble and the mania was over early this year. I don't see how it will ever get anywhere near 20K again. That 20K price was the result of people chasing price. I wonder how many got burned buying up near the top?