Looking at this chart, I see some kind of news event or FUD coming up to knock this rally down. If BTC can break through this cloud, we have sunny skies on the other side. Wait and see.
One other thing to notice is that in the last 48 hours a HUGE number of bitcoins has changed hands. Sellers have sold their bags, buyers have filled their bags. Volume going up a lot.
Lastly the target is still ok coin #1 contract holder. Until he is liquidated, BTC will not give up.
Note
Bitcoin must hold 9000 / 8800 level to avoid bearishness. Below that we again bear market and we will go deep to find our bottom. This time tho, we may not bounce back up so fast.
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