Bitcoin broke a recent downtrend, but also seems to have broken the major 2017 uptrend. It's currently in an uptrend channel with that 2017 uptrend as a resistance and a recent support line as a lower support.
Comment:
We touched the lower support line of the most recent channel, and bounced back back up from it. Been hugging the 38.2% Fibonacci level for a few days. Our support line will soon cross it in a few days, however, so I for one am looking forward to see whether we finally get some more exciting price action in bitcoin...
Comment:
That recent resistance line has been broken today. Let's see what the market does now.