Significant bull break on the daily over $6,580 to bring us to the middle of the weekly range.
This is going to make the next few weeks VERY interesting.
The move from crypto to MJ was very clear last year, and the potential for a clear move back from MJ to crypto may present itself.
From here we will look for healthy 4 hour consolidation, and the bulls have lots of space for a daily higher low when consolidation comes.
Keep an eye on Ripple (XRPUSD) as it led this bull move which is notable.
Everyone move we get from here over $6,750 will shift the odds a bit more towards a potential bull break.
Honestly it does not appear like it would be too difficult for the bulls to put enough pressure on the shorts to have to cover, but we may still have another few weeks to go. We must remind ourselves how easily the bears have been able to push it down as well.
I personally will go in heavy if the weekly trend changes.