Description
⋅ Bitcoin remains overall very bullish and should be on its way to $9600.
Price has pulled back and found support at $8425
We could move harmonically, with an AB=CD move pushing us to $9600.
Price only formed a 38.2% retracement (from b to c) which tells me that the next move should meet the extended 1.618 fib.
Looking back this level lines perfectly to previous resistance and marks a decent place to take some profits.