Respecting the earlier formed primary channel, bitcoin
refrains from breaching the key support level
around 8200 i.e. Nov 20-23, 2017. In fact, the same level is now a Fibonacci level (0.382). This bullish
looking swing was predicted around March 9 through Fibonacci Time Zone Extension and it worked as a first bottom above the key support. This bullish
move, set another tone by breaching through the earlier lower high i.e. 9506. Whether bitcoin
is heading towards 11700 or not, I am already long. Will take profits throughout this journey just to lock them!