Since the upward move began on July 21, the price has created a steeper ascending support line each time it has made a new impulsive move. This is customary in BTC movements, and likely represents three upward waves. After the $12,134 high, the price plummeted back through the most recent support line, reaching the 0.5 Fib level of the entire upward move. It is currently trading above the minor $10,850 support area.