-Bitcoin is holding above 50MA for the 2nd day -Must close daily candle above 50MA & 20MA -Ascending trendline support keeps the bulls alive -If BTC can hold current price levels for the next few days -There is a chance we could see a minor rally to test 7.2k -Bearish scenario if the price closes below trendline support -A drop down to 5.8k is likely to happen