Bitcoin has been bearish with recent momentum which led the price below $6,500 area with a daily close, but currently the price has bounced back successfully and is residing above $6,500. The price has been impulsive with the bullish gains today. BTC is expected to climb higher with a target towards $7,500 and later towards $8,000 area. As for the current scenario, the market is still quite indecisive. However, as the price remains above $6,000 area, it is expected to extend its climb in the coming days.
SUPPORT: 6,000, 6,500
RESISTANCE: 7,500, 8,000
BIAS: BEARISH
MOMENTUM: VOLATILE
