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The market is still feeling out this latest bounce but so far it seems clear for a ride up to retest $12,800.

Bitcoin has had an aggressive, unrelenting, parabolic rise over the last few weeks.

The bitcoin price blasted straight through the $10,000 price range in a rally that had bitcoin testing the lower $11,000s.

Bitcoin is consolidating above its prior range high while the market has failed to find support above the monthly resistance.

The bitcoin market rallied to $9,400 and the overall market structure is very bullish. But if demand fails to break through overhanging support, we could retest the $8,500 to $8,600 zone.

The bitcoin market broke north of its range, but there is a strong chance this breakout could reverse if this level doesn't become support.

Bitcoin's price has reclaimed a major support level after testing it for the third time.

If BTC breaks the $8,000s and reclaims support, that would mark a very bullish victory. If it fails, it might find a support level at $6,700.

The bitcoin market has seen sustained buying pressure, new support has been established on three separate levels and we're still sitting between macro support and macro resistance.

A panel of experts and entrepreneurs discusses international cryptocurrency exchanges at Distributed 2018.