We had a great bounce yesterday after reaching Bitcoins lowest point from the all time high achieved in December.
The trading day had a nice closed, there was a nice push but we need more time before this can be taken as a strong signal. This is just minor right now.
We are looking at the daily chart, and we want it to close the day at least above $8,380 for Bitcoin to tells us that it wants some more positive action. Other than that, we can continue with our main analysis.
If we go above this price level just mentioned then I will write another update with information as to where we might go next. We are still on the very same trend.
Here is the daily chart:
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