Ok, this will be a quick update, but earlier today I analyzed the latest week for Bitcoin where I stated that Bitcoin must pass this descending trendline and close above it. You can find that post here:
In that post I stated that the price must surpass 2524 USD and you know what, it has now passed that limit by more than 50 points. The price is now at 2575 USD. This is what the daily graph look like:
From the chart you can clearly see that Bitcoin penetrated that trendline. Ok, so will this hold then? Its impossible to say, but it needs to close above this trendline with a good looking candlestick.
If that happens, I would be very comfortable going forward.
Happy trading!