1 day chart shows a , which normally acts as a reversal
I am not saying this is the bottom of Btc , but this , coupled with a and low , and a broken local gives the possibility to see Btc raise to around 8150$
There is still some resistance at 7200, so a break above 7200 with a candle acting as a support above this would confirm the possibility to see some more bullishness
There was some interesting random pump happening, they might keep on appearing up to some certain levels
This might actually be the formed with the February lows, even if Btc reached 6400 instead of 5800, a does not necessary gives some patterns at an exact accurate same value reached
Risky time to short right now
I am not saying it will happen, but it remains possible.
8150 is still a possibility
If Btc does not get destroyed by regultions, i say why not
Btc is very weak yes it might not reach 8100, we have first to see how it behaves around 7200 if it reaches it.
Yes Ltc is trapped under this resistance so far
Have a nice day and good trading. :)