Bitcoin is looking pretty strong right now. So far, we are following the Inverse Head & Shoulder Formation upwards and the volume yesterday was really good for a follow-through. This bodes well for a continuation up to the next resistance level at around $8000-$8200. We also managed to close yesterday above the important monthly pivot point at $7440. Also, the volume on all exchanges during the last 6 days is the third highest ever so that could indicate that this bottom is the real deal. However, we are still bearish on the weekly Fisher indicator and the same goes for the Stochastic so we are not out of the woods yet.