As per my last submission (link below), bitcoin has clearly established support from the topside of a down-trending channel and has now entered a rapid run up towards the ATH which is around 42K USD.
This is a lovely break to the Bullish side in the short-term, but one must be prepared for the strong resistance that is looming at 37.5K which has shown significant interaction with the BTC price in the recent interplays between the two.
After 37.5K, the ATH at 42K is just a stone's throw away, though there may be some minor resistance at 40K... As we are fast approaching 37.5K, it will be interesting to see how the price action interacts. Keep in mind that in all of the previous interactions between BTC and the 37.5K USD price-point, it took about 12 hours of mingling in the area before the direction of BTC price was truly established. I don't know what it will do on this run-up, and I leave that to y'all to sort out. But if you don't mind waiting, we should know by midnight tonight (EST). Happy trading!