Bitcoin is trading below the red descending meaning we are still in downtrend. However, the currency pair has reached the at $6,943 and stopped there. Bears seem to be tired and need some rest while bulls are full of power and they are ready to counterattack.
The price is close to the at $7,181 currently and I think BTC/USD is going to test this level in the nearest future. My main scenario for the next 24 hours is as I think buyers are able to develop this upside correction at least.
I have set the targets higher at the at $7,565. To reach those targets, Bitcoin will have to pass a couple of resistance areas. However, if bears come into play again, they will be able to push Bitcoin even lower, below the current support at $6,943.
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