Bitcoin is struggling to stay above the .236 retracement from the daily high and close.
It's currently in a bearish trading channel and is bouncing off the top resistance and bouncing off the lower support.
A bullish move would be the daily candle closing above $8400.
A bearish move would be closing below $8200.
We need to see a NEW daily high off the low before we get comfortable with this move.
We have a new trendline that's formed off the previous lows.
So far, things are looking good for Bitcoin.
