Bitcoin has been quite corrective and indecisive recently. Besides, certain break below $6,500 area with a daily close was recently engulfed by the impulsive bullish pressure. Though no serious fundamentals have made impact on the BTC price so far, the indecisive behavior of market participants explains the bearish sentiment in the market of cryptocurrencies. As for the current scenario, the price has been quite indecisive today after recent impulsive bullish pressure. In the meantime, the price is expected to correct itself further before it pushes higher or lower in the future. Though there are certain reasons to push lower towards $5,000 in the coming days, being above $6,500 with a daily close creates some confusion for certain bullish pressure.
