In this idea we can see a Fractal playing out on the BTCUSD intraday chart. The price is in a retracement after getting rejected at the $58.000 level. While the price is in a retracement, indicated by the lower highs, we will wait for a break of the resistance-line for a possible long opportunity on bitcoin. Our target is located above the previous high. I'm expecting a strong movement backed with some good news in the cryptocurrency sphere. Please wait for a confirmation first. We need proper buy-volume to kick in, otherwise we will see the price correction continue.