There is a steep ascending channel forming within the larger ascending channel on the bitcoin chart. We broke past 50k today, which was a major psychological barrier. Now that we have broken this, and we are now trending towards testing the upper bounds of this trading range again, it is likely that on this retest we break up, out of this ascending channel and shoot towards levels as high as 54k. This is a very BULLISH trade alert. Manage your risk and don't over leverage.