Bitcoin is starting to appear increasingly bullish in the short-term, following a strong recovery towards the $7,300 technical area. BTCUSD bulls may test towards the $7,600 resistance area if bulls can anchor price above the $7,300 support level this week. Looking at the downside, sellers need to hold price below the $6,850 support level to regain short-term control of the BTCUSD pair.
The BTCUSD pair is only bullish while trading above the $7,000 level, key resistance is found at the $7,450 and the $7,600 levels.
If the BTCUSD pair trades below the $7,000, sellers may test the $6,850 and $6,450 support levels.
