Bitcoin has just broken out of this descending level of resistance. Will this be the big bounce for bitcoin and the continuation of the bull run? Or, will we fail to hold this level of potential new support and continue in the downtrend? Either way, this is a tradeable move. If we bounce off this level, it will act as new support and this would provide a great entry for a long. If we dump through this level, it would be a good basis to enter a short.