Price has broken out of the 50 SMA Bollinger Bands to the upside and price is reacting favorably to a warning line (9th, if my memory isn't fail me) of an old pitchfork that formed before the price explosion past 1,000 USD.
Price does have to first break through a confluence zone, however, of the bigger pitchfork median line (shown on the chart, starting from close to the left edge of the screen) and the resistance level (drawn in with the thick black line). I do think that there's enough momentum left to get it through this resistance, though.
JamesBrown
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My memory hasn't failed me. Price is trading in a channel currently between lower warning line (LWL) #'s 9 and 9.25... hugging LWL 9 for most of this move up.