Bears continue to rule the market for a few weeks now. BTC rate is down to $6400.
Just like we expected, last week the price was consolidates in a narrow range of $6400-7000 with a few small breakthroughs. Today bitcoin price is over $7k and aims for $7800. RSI is in neutral zone with a slight ‘buy’ sign, MACD signal line confirms the possibility of growth.
In the nearest term, most likely, bitcoin will continue to fluctuate within $7800-$6400 range.
Our price analysis is for information purposes only. Please make the Bitcoin purchase and investment decisions independently at your own risk.