Forgetting all the craziness in alts for a minute bitcoin is quietly making nice gains. With the bear trend beginning to disappear into the distance the way looks clear for bitcoin to continue upwards.
Heres a view from btc-e with 1 week candles and log price scale
Lots of green candles in a row sometimes heralds the start of a new mania but I think it will be a bit more subdued than that. I’m looking to see if there appears resistance in the middle of that rising purple channel. If bitcoin goes through that easily then the top of the channel may be visited which would be somewhere above $400. In my view its not too far fetched to anticipate that but lets get above $300 then middle of channel first.