Hello guys. bitcoin is trading at 7500 level. What is the next move?
For the long:
- The price has been bounced back from 6500 level quickly back to 7500 level, making a potential fail break but the price will need to go back to 8000 to confirm that
- bitcoin has been consolidating back to EMA, a good news may help push the price a bit higher
For the bear:
- A general downtrend continue
- The price is consolidating at the rebound level and would be more easy to push the price lower at this point.
Let see how it goes!