Last week we anticipated two bullish scenarios for Bitcoin, and then Bitcoin started to rise after testing each of our scenarios. Last week we mentioned that Bitcoin faked a breakout below 105300 and then reclaimed and continued to rise. It also followed Scenario 2 by breaking below 105300, dipping to a low of 102600, and finally starting to rise to 108600 in this wave.

Today, there are still two scenarios for Bitcoin. The first scenario is a support range between 107000 and 105000, where it holds and starts the second wave of upward movement.

Scenario two is the same as last week, still a fake breakout below 105000 followed by a dip to a lower point, and then starting to rise to 109000 USD. #BTC