Bitcoin about to touch key levelBitcoin / U.S. dollarBITSTAMP:BTCUSDJacobShinasWith the Iran ceasefire Bitcoin has finally caught a small bid to the upside. It is now pushing up against a major trend line, which is also the high end of a parallel channel going back to it's all-time-high in October last year. Most down sloping channels break to the upside, and Bitcoin is going to need a lot to bust through this level. I would expect it to continue consolidating in this range for the next couple of days. Should it break out, the chart would have a short-to-mid-term bullish bias.