Bitcoin has broken the downtrend

It's likely bitcoin breaks $50k in the near term and probably that $53k high as well.

We broke the downtrend and all systems look like a go for higher prices.

Check it out:

(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)

There may be some consolidation around this level, so be ready for a bit of that before busting those highs.

In a few weeks though I fully expect us to be well over $50k.