BTCUSD 3.59% update: Since the bearish pin bar off of the 11700 area price, has been retracing and has tested the 9600 level to produce a spinning top formation. 
This can be the beginning of the next bullish leg which can test the 11700 peak or higher. In order to justify a long position, I would wait for particular conditions to unfold first.
RE: Bitcoin (BTC) Morning Update: This Wedge Has Breached