Bitcoin recovered sharply today after Square announced that it will be testing an app that supports bitcoin. This news benefited both the cryptocurrency $BTCUSD and Square $SQ. Bitcoin (BTCUSD) 4H Chart(click to enlarge)V-Shape Rebound:- While the recent correction was sharp (from $7900 to $5600), the current rebound is almost just as sharp. - BTCUSD extended back above $7000 and is resting around $7200 during the start of the 11/15 Asian session.- Now, the $6700-$6800 area might become support. SQ 4H Chart(click to enlarge)Like a Locomotive:- Nothing has deterred Square in 2017 as it continues to chug along. - You can see that in the last couple of months, price action has accelerated. - Is this latest revelation going to help SQ sustain? - We might very well see SQ continue this run going into 2018. - I should be noted that SQ has had 32 bullish weeks out of the 46 weeks so far. - Both Bitcoin and SQ will likely make new highs before the end of the year or at least soon, as in early 2018.