Bitcoin rallied and ignored the most expected upside target from 10000  psychological level. Price climbed as much as 10719 level today and seems motivated to hit fresh new highs in the upcoming days. The rate is strongly bullish and ignored every potential upside obstacle, Bitcoin is very attractive, even if is traded at historical highs.

Remains to see how long this upside momentum will be because the rally could end at on point and we may have a minor retreat. Right now we cannot talk about a corrective phase because the bulls are too strong.

I’ve added the daily chart to show you the today’s impressive bullish rally. You can see that has ignored the wl9 of the former descending pitchfork, technically a rejection from this level is signaling a reversal, but not in this case. It is trading above the WL6 of the former blue ascending pitchfork and is almost to reach the first warning line (wl1) of the minor black ascending pitchfork. We have an impressive rally started last Thursday and it could take out the potential resistance levels as well.

You should stay away from Bitcoin right now because is not a good time to buy it, we should wait for a minor drop to retest one of the dynamic support levels before we can go long again. Selling the Bitcoin is not an option at this moment because it could rallied aggressively anytime.

Personally, I would buy it after a retest of the upper median line (uml) of the black ascending pitchfork, this scenario could take shape only if it will find strong resistance at the wl1 and will fail to stay above the WL6 of the former blue ascending pitchfork. Right now you can take a look on other cryptocurrencies because there are many other opportunities.