I previously had an ascending triangle pattern drawn out that I believed would form but the failed move higher at the $12200 range in the sky blue triangle turned the pattern into a strong symmetrical triangle. With this change I still predict a bullish pattern by EoY with target of around $16000 by November. However, with bullish symmetrical triangles, the likelihood of the fake breakout below to low $9000 range is high before the next move up towards $16000 (outlined by the sky blue path).