Strong resistance zone ahead 1535-70, the positioning is extremly bullish (like at the treasuries) the BTC started to weaken, and the indicators started some kind of a divergence. What's more, yesterday the bulls started to dominate the equity market (some kind of a risk on move).
Strong break out and upward momentum after a 2 months long consolidation. Above the resistance (1212) and 50 DMA and out of the bearish channel. The environment is also favorable: weakening dollar, increasing risk aversion.