Bitcoin holding nicely, so far

So far, bitcoin is able to hold above $5k.

A significantly psychological barrier.

On the charts, $5k isn't technically that important, but significant never the less.

(Source:  https://www.ccn.com/bitcoin-price-aims-for-parabolic-bull-market-sets-long-term-target-at-72000 )

From here, we'd like to see bitcoin hold above $5k and then make a move for $6k in the coming days.

Though it doesn't have to.

Really, all we need bitcoin to do is hold above $4,700 and for sure $4,200...

If we can hold above both of those price points, bitcoin will be setup to go higher.

Being above that 200 MA, which is around 4,500-4,700 is also very significant.