Bitcoin testing channel support.

Since the beginning of March, bitcoin has over doubled from the lows set that month as we are near the 10,000 level  from sub 4000 at the lows. However, the channel that the instrument has been following higher is being tested. It may hold, but the RSI is breaking a trend line as well which could be suggesting we move lower rather than bounce back towards the 10K level again. Below the 200dma at the 8000 level would usher in a move back below the 7000 level.