The price of Bitcoin scored significant increases earlier this week, strengthening the position of bulls on the market. The price action taken into account that the carryover level has been moved to $ 7,000 to $ 7,400. Although buyers tried to break through higher, up to the limit of $ 7,400, so far remain insurmountable.

The next Bitcoin publication is hovering around USD 7 265. The current trend is increasing, but decreasing volatility of indicators that in the near future should not take into account the increase in price increases.


According to the analysts of the popular website about fxstreet financial reports, confluence (i.e. additional confirmations that strengthen the level of support or resistance) must be set that if it manages to overcome resistance at USD 7,400, the price will go towards USD 8,000. However, if Bitcoin is being used at a standstill, this may be a signal for bears who need to use Bitcoin prices below USD 7,000. If this happens, the price of Bitcoin will fall available in the vicinity of the nearest support 6,725 USD.