Since the low in October price is finding a rising channel, however the big challenge for bulls is getting through the red upper resistance line. Bottom of the channel and upper resistance will very likely constrain price for rest of this month. As always expect plenty of volatility. I feel the resistance line will win out, however I will be suprised to see price fall significantly below the blue dashed line which marks the old all time high from April 2013. I think there will be a roughly horizontal trading rage for a while longer before ultimately another bigger bubble will start.
