Bitcoin long term swing point

Bitcoin

The high over the weekend was just shy of the long term swing point at 42,800, this is 38.2% back to the ATH. A break from this area can take it back to new lows, or a test of it. Watching all the retracements, any break from here that holds 38.2% (37,400) keeps the current rally intact and you should look for new highs for the move. With a solid close above 42,800 the next target is 61.8% at 51,200.