That said, a second possibility has BTC forming a triangle (in red). This would only be a .236 (happens only 5% of the time) where we touch triangle bottom twice more and form enough momentum to continue upward. Under this scenario, we'd likely gain enough momentum to push to $8,250. A strong rally to $8,250 could signal enough follow-through for a push to the mid $8,500's. This retracement would be unbelievably , and is much less likely.
BTC broke out of the bullish triangle. This was a huge move. Notice the 3 touches down and then sharp impulse up. I emphasize again, this was & is extremely bullish. All signs are pointing to $6,426 being the bottom on all time frames.