One of the most notable things that has happened during this time is that the price was able to retest and break out of the channel above $117,000. As Madden explains, this retest and break have now led to the creation of a possible bull flag, and this could point to a further price surge.
There is also the fact that there is now a rising blue diagonal line from the previous support, suggesting higher lows for the Bitcoin price. Then again, a bullish cross could possibly be on the horizon. This is forming in the MACD-indicator that suggests that bears will continue to lose their hold on the market.
