So looks like we have an update to my previous idea. It is apparent that there has been more support than previously expected at the $7900 range. With that being said, it looks like a bull flag is forming with that support indicating that the price of BTC will retest the $7900 level and continue upward. If the support is broken, then we will be looking back to the downside of a $6000 retest. Lets see how this plays out