BTC faced a fierce horizontal resistance point (creating an ascending triangle). A short term dump was required to bring back the buyers (who have now seen a higher low supported) which could bring in enough 'bull-power' to break through the resistance. If the lower trend line of this triangle becomes resistance, however - could be time to get out and let the market fall!
Comment:
I didn't do the horizontal line justice last time to show the the ascending triangle.
