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Bitcoin long term update

The target on a break from the 11800 long term swing point remains at 9230. This area has a major Gann square at 9440,38.2% back to the 3/13/20 low at 9230 and the 200 day average at 9065. Despite being below the long term swing point the current rally from the 3/13/20 low continues to make higher lows and higher highs and has held the key retracements on any setbacks,so the area of 9230 to 9065 will have to hold to keep this trend positive. Holding 38.2% should send them up to new highs for the move based on the "38.2% rule", before that look for the 11800 long term swing point and with a couple solid closes above it the next target will 78.6% up to the all-time high, this level is 16300. Failing to hold the 9230 to 9065 area should mean the rally is over for now and you can look for 7200 and for a large trading range to follow.