On our analysis on the 13.05 we indicated that we didn't feel that Bitcoin
will consolidate and not fall below the current level because the RSI
at 84 and the Keltner
Channel price trending above the top band was showing it was overbought. However, surprisingly Bitcoin
surged over $8350 and is now battling to consolidate above the Fibonacci level at $8024, again we would be surprised if Bitcoin
surges again from here and have taken profit on some of our long position as we anticipate a correction.