Resistance approaching?
Updated
A number of publications are claiming that BTC is "moving up" or "setting new highs". Unless they are referring to very small time frames, I don't see that taking place. I see it coming up to a resistance line/trend that goes back to the descending triangle. This trend-line was relevant to the descending triangle and I would argue not so much to current price action. Still, it is worth noting it. Also worth noting is the increased average volume. Are the last few months a bottoming pattern? good question. I give it a 50/50 chance.
Note
when I posted this chart it was still within the downtrend... It has now moved above it! reclaimed the 200MA and its very clearly bull-flagging ... with the flag leaning up. Odds have improved greatly for a temporary run!
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