We are currently staying within the yellow channel however we are looking at heavy resistance at from roughly 6k to 7.5 k also note that the futures market also picked up BTC at around 6k. It does look like we will break out of the channel on the up side however we will still be in the green channel. I want to see BTC at 10k to feel there is a change on the technical side. and really 20k plus to see All time high. BTC Transactions however look bullish, Hash rate or processor power is bullish, The difficulty looks bullish. Also consider that only 21 million BTC can be mined and many are lost forever. I personally have lost several they were worth penny's at one time. There are 2,844,937.5 bitcoins left to be mined.
