BTC's double bottom was formed at the confluence of support. This on its own would be suggestive of a bounce, if not reversal.
This was coupled with the good news coming from the G20 meeting, which officially suggested no new regulations for cryptocurrencies at this time
All leading to a significant bounce. We have passed both the very significant $7800 and $8000 levels, now at the $8200 resistance. This is very good news for both bitcoin and alt coins if the market cap begins to rise.
g20 rejected cryptocurrency regulation.
