Bitcoin took a little dip after my previous post yesterday where I was expecting a push higher and is now testing lower channel support(orange) as well as horizontal support(dashed blue). For now the trend remains bullish as long as price remains above channel and horizontal support near $9,500, but should that level be taken out it will lead to a neutral view on price. The ultimate support level that needs to hold is the solid blue line near $9,000. That is where the last base in price was made(area of demand) prior to new local highs so if that level is violated it will indicate that traders who were previously bullish at $9,000 are no longer optimistic that that price level. The solid blue line is also the stop-loss level for longs, stops should be placed just below that level.