Bitcoin rose in the short term after leaning on the main upward medium-term trend line as shown in the attached chart, lending it positive momentum that buoyed it higher, trespassing the SMA for the last 50 days period and getting rid of its negative pressure, benefiting from its positive support in the coming trading, with an influx of positive signals from relative power indicators.

Therefore we expect more gains for the virtual currency, targeting the pivotal resistance of 465.00.

Trend Bullish