BTC - Building a Larger Base

Not much has changed since my last update on 8/9/18. The support zone highlighted in that previous update is still in affect, and as long as that zone holds, I will remain cautiously bullish. Ideally we want to see price action break above the trend line titled Primary Trend Resistance. From there, the pivot tops around 8400 on 7/24/18 and 7/25/18 are the next big target (point of resistance). Lastly, and not shown on this chart, at this exact moment price action has reclaimed the 50D MA, and the 50 and 200 MA are converging (50 currently below 200). This means we could be setting up for a "Golden Cross" event.