BTC/USD as usual is very volatile when large bitcoin holders enter/exit the market. In around 72 hours it moved from 5.75$ to 12$, the break out of my today range estimate (above 9-9.5$) is good but the overall long term picture is still bearish until the market show me the contrary. Looking my previous post, the weekly moving average is at 12$ and it will not be easy to pass it.

As i said in a couple of old posts the 9$ was my long term reference support, the fact that it quickly recovered that support could let me think that the recent drop down 9$ was only a selling climax. BTC/USD should stay above 9$ for the next 24-48 hours, possibly with a quick test of 7.5$ ; lower bound of today range estimate is at 6.2$ but i remain optimistic that the 7.5-9$ zone will hold.