RE: Bitcoin is out of descending channel but it still need to clear $8346 level which is acting as resistance in order to come out of bear grip. Currently, Bitcoin is trading at $8287 after attempting to clear mentioned resistance but failed to sustain.

[fivefreeupvotes]

So if it does get beyond that, then what?
I am new to this. I see charts like this all the time but it seems to unpredictable to know where it will be from one day to the next.