Bitcoin formed a swing low on Thursday …
… and ended up closing above the 10 day MA.
Bitcoin went on to consolidate around the 10 day MA — until Monday.
Bitcoin broke bullishly out of consolidation on Monday.
We have also been watching the longer term cup and handle pattern on the weekly chart.
Bitcoin broke bullishly above the declining weekly trend line two weeks ago. And now appears to be delivering bullish follow through.
Cycle Trading 
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