We have seen BTC push through numerous of resistances lines over the past few days. It has finally pushed passed 7800 heading to 8200. If the bulls can keep this volume up it will reach that destination. It will then retract to 7800 to test the old resistance line / support line. If the support line can hold we will see a short time of consolidation which will help alts move to higher positions with the low volatility.
Trade closed: target reached