If it stays and closes the daily above 11.3 then ...

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
11.3 is the fib .5
It might not mean much but algos put alot of weight on them
if the bulls are to get excited I would wait until it closes the daily candle and be super bullish if it closes the weekly candle above 11.3
Keep an eye but dont hold your breath