I do like it be able to go up, however, what I've seen in the chart says that it's really hard to go beyond 7400 and even 7200. There is a strong support on 7060 which is the 200 EMA where BTC can lunch again but what happens next?
Let's have a look on what happened about a month ago. There was a similar movement that time. Starting of an up trend, correction down to the 200 EMA, a small raise, and a following long down trend. I think this time the movement will be very similar and the price will touch the red resistance line (if could pass the 7200) and will drop again.
Otherwise, If the price can break-out the red trend line, the pull-back could be a good entry point with a target of 8000 which is set by Fib. Ext.
Good Luck!!
Let's have a look on what happened about a month ago. There was a similar movement that time. Starting of an up trend, correction down to the 200 EMA, a small raise, and a following long down trend. I think this time the movement will be very similar and the price will touch the red resistance line (if could pass the 7200) and will drop again.
Otherwise, If the price can break-out the red trend line, the pull-back could be a good entry point with a target of 8000 which is set by Fib. Ext.
Good Luck!!