The price action in bitcoin is turning postive after breaking out of the descending channel that basically started with the all time high as its top.
There is still much work to do before I say bitcoin is in bull mode again, with 53K being a key pivot in that.
The good news is it looks as if that 47k area carved out as a new bottom pivot for potential support if prices were to come back down.
I dig further into it in this quick video....
Bitcoin Price Breaks Descending Channel
Posted Using LeoFinance Beta
It is a good one closing down on Christmas
Like you said,it is quite too early to say BTC is now bullish..but the progress is steady and sure. We will definitely hit the gusher soon.😉