Bitcoin BITMEX:XBTUSD had an impressive ~30% up move in the new year.
The bullish scenario: Price moves towards the 0.5 fib level with a possible pullback at 9370.
The Bearish scenario: Price rejection at 0.618 level and returns at 7k-sh range with a test of the lower levels.
Leaning towards the bullish hypothesis.
Possible retest at 8480 levels.