#bitcoin   has been gradually trading upwards since the big move at the end of October. As seen on this chart the parallel bullish channel is established and is still working very well. Prices currently remain high at over 35,000 USD.

As of earlier today, $BTC had hit support once again and witnessed a recovery from the lows. However, as long as we stay below the middle of the bullish channel, there is a higher chance that the bears will break through and take the price below the trendline support zone.

Longer term, price action remains very bullish, but we could see a few bearish moments on the way up.