#Bitcoin price forecast update:

I don’t have much changes to make to the two paths described below other than increasing the weighting for path 2 to 45% (from 35%) and decreasing the weighting for path 1 to 30% (from 45%). So far the bulls have successfully defended the $105,580 level and based on lower time frame price action the odds for this level to remain untouched has increased. The invalidation for the path 1 remains $125,759 although breaching $118,680 would significantly decrease the odds of seeing path 1 playing out. Path 2 will likely see a longer consolidation phase between $107,000 and $125,000 that shown on the latest chart screenshot.

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