I think that the bounce from 3.8$ is now completed, the weekly moving average is flattening out at 5$ where we have a series of daily highs with rising lows (ascending triangle), it’s time now to take a decision to break or not 5$ level for a first target at 5.4$, it’s mandatory now otherwise sellers will take again the control on this market pushing the prices back again to 4$.

Without this breakout of the 5.2-5.4$ zone i think that the BTC/USD will probably continue to consolidate in the 4$-5$ zone in the weeks to come.

During the last 3 weeks of rebounding prices i’ve noticed a slighty positive net volume, sign of a timid comeback of buyers.