Bitcoin now seeks to maintain upper levels with an additional test of the 8k major support area. This level has been broken on the mid-scale as shown by a long bottom wick but looks to potentially hold as massive buys bring BTC price action back quickly.
Today’s price action shows BTC attempting to hold mid-scale pennant pattern. Rogue* Wave Analysis shows any upside potential to seek out 9200 resistance next with pattern break. Upside pattern break of the pattern at 8250, downside break stands at 7850 – a 400 point range. This range has been held quite well over the past week. Watch for 8k support to hold or be broken at this point by candle close, likely to be shown in today’s trading.