The good news of late is that bitcoin is working toward positive price action, so that is a step in the right direction.

## Bitcoin's Higher Low

So with the bounce over the past few days bitcoin has technically formed a higher low on the daily chart.  

That is the first real item of positive price action we have seen in some time, barring the break of the descending channel which is more of a neutral action anyway.

I discuss this and the potential upside and downside targets in the video below..

<iframe width="560" height="315" src="https://www.youtube.com/embed/eo3hdDYXPxY" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe>

![Steemit_txtdvidr.png](https://steemitimages.com/DQmQALmjjiQfvMZNBY1AtHwNiZLf6jnD6P1yuGe4v25iHRe/Steemit_txtdvidr.png)

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![Scaredy Cat Guide Logo_FBcoversize2.jpg](https://steemitimages.com/DQmVxSVesocN4455goVSNEydGgs7sQqBrS4DGHw94qrP5sT/Scaredy%20Cat%20Guide%20Logo_FBcoversize2.jpg)

**Disclaimer: All info in this post is my opinion and for informational purposes only**</center>