This channel which has held since about $50 has been breached to the upside. Hard to imagine that this current push even higher upwards can be sustained without a pullback soon. (edit) Since I did the chart the price has pulled back and stabalised a little.
Will the top of the channel now be resistance? Perhaps we’ll fall back into the channel? Might be a time to lock in a few profits if you feel like selling some bitcoins.
You cant chart what is happening right now to BTC. There has been such a massive amount of attention world wide that it would only take $10 million dollars entering BTC right now to push the price to $400. This is a once in a lifetime picture. Wide spread adoption is coming much sooner than anyone anticipated.