Bitcoin has been quite bearish today, having no signs of bullish continuation after the bullish daily candle close yesterday. Currently, the price is residing above the Kumo Cloud support area from where there are certain possibilities of the price moving higher, but certain bearish momentum did make the market quite indecisive in nature. The Bitcoin is still under pressure of the bears and we may see some bounce back from the $8,500 area in the coming days. As of the current scenario, the price is expected to consolidate above $8,500 and we may see any strong bearish pressure as well, but as the price remains above $8,500 with a daily close, there are chances of the price moving higher towards $10,000 and later towards $11,500 in the future.
