The price of Bitcoin experienced its biggest gain in more than a month.
Current support / resistance: $6'500 / $7'500
After testing the $6'500, the price of bitcoin reacted very positively with a significant gain accompanied by important volumes. However, the price found a strong resistance at the $7'500. Technical indicators indicate a change in trend with MACD lines converging and a price close to the 20 days moving average. If the resistance is breached, we can expect a bullish momentum in the medium term. However, if the buying pressure does not hold, it is likely that the recovery observed since the beginning of the week was only a bull trap in a bearish trend.
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