Bitcoin (BTC) To The Upside

As they say, it takes the stairs up and the elevators down.

I am glad we are back to taking the stairs up!

About a week ago, Bitcoin left the Fibonacci Fan from the recent correction and made a strong move to the upside.

BTC then proceeded up to the 23% retracement level and that is were it currently faces resistance.

I am still long BTC.

Hopefully there will be a catalyst sooner than later to push BTC past the 9200 resistance level, making 9200 the new support level.

When that happens I will be bullish to the next resistance level of 11200 (which is also the 38.2% retracement level).

In addition, 11200 is also the resistance base that form on the recent correction, so in order for BTC to technically be in a new uptrend, it needs to make a new swing high above that.

But we will see!

Good luck!