We bounced off the famous 760 level which has acted as strong resistance and now support. ( aka
turncoat) Watch as the price approaches the Strong Bull Channel
. If we touch it and go up, it's definitely bullish
and our next stop is ~875. If that shows no resistance then we're probably headed to ~1040.
However, If the price breaks through the Strong Bull Channel
, then we're going to test the 760 level a few more times before gathering enough steam for another push up.
My bet is on 875 -> 1040 ->1161.
Worst case, big sellers need some $$$ to pay taxes and sell off to $550.