Bitcoin made a very dangerous move early this morning by almost reaching last resistance I have on my chart before things get ugly but it's now back up over the safer level over $9220.

I like that it created a nice V-shaped pattern that to me is a good sign. If we maintain the price over the $9220 for another few hours, we may as well push higher and above the purple short-term downtrend .

If that happens, we may look at reaching the $9550 level before cooling down a bit to retest the purple line now acting as support.

I'm currently on the bullish side as long as we stay above the $9220 level and I think we will see some nice move before the weekend.