BTCUSD: Bullish Shark within a Bullish Rectangle at the 200 SMA

BTC is sitting at a confluence zone of the 200 SMA and 1.13 Bullish Shark PCZ while showing heavy amounts of MACD Bullish Divergence; If this area holds i think BTC could go up to target the 2.618 Fibonacci Extension at $27,275.50.

If it fails to hold above this level of confluence then it will likely flush down to an 88.6% retrace below