BTC/USD THE BEGINNING OF BITCOINS COMEBACK?

Price Action (Technical Analysis): After my previous analysis on Bitcoin last week, Bitcoin is beginning to gain it's confidence against the dollar. Price broke out of our Daily Descending Trend & after a breakout we anticipate price retest the trend line or find an exhaustion around our strong Fibonacci Levels (38.2 %, 61.8% &/or 76.8%) i'm favoring the 38% retracement due to a possible rising trend forming. If price does begin breaking above structures then i'm looking for price to reach up around 12,000.

Fundamental Analysis: None.