BITSTAMP:BTCUSD broke the short-term trendline after hitting the resistance at 44k. After few days of consolidation in the range of 43k to 40k, BTC finally broke the downward trend line and now facing short-term resistance at 43.5k. Once this level is broken with confirmation we can see higher highs and possibly until the next resistance level which is around 50k.
There is also good chances for the price to dip before the continuation of uptrend as there is CME futures gap at 39k.