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.
Bitcoin Trading Ideas, Analysis 
A lot of damage has been done to the bullish charts, we would need lots of sideways action before we can move up to 20-25 again, not this summer
We will see $20 on or around the 19th of August, I will not say why but if you do your research then you will realise it will be a big move.
You mean the Bitcoin conference? That’s some wishful thinking 🙂
what do you mean for “selling climax”?
Why, given all the major networks will be there?
Yesterday’s support was at 8.45 $ and it worked well.
In your tweet you mentioned a possible fall down to 7.70 $. What about the wall at 8.00 $ ? Do you think price range will go down to 8.50, 8.00 or even 7.70 $ for the next 24 hours ?