has bounced on the yellow support that has been followed since mid-September and also on the 61.8% Fib. retracement after following a clear head-and-shoulders formation, one week ago. Now it is back on a higher parallel support and it is showing to build a bullish pennant
pattern. Also, the RSI
doesn't seem to show any divergence. If the price breaks out of the pennant
upwards, the price might surpass the previous ATH
and go towards the 7200€ zone (around 8400$). On the other hand, if the price breaks below the support, BTC
might fall again to retest the 71.6% Fib. retracement at about 5850€ (around 6900$).