Bitcoin has been quite impressive and impulsive with the recent bullish momentum which lead the price to reside above the Kumo Cloud resistance as well as $7,200 area with a daily close while also having a Tenkan and Kijun line bullish cross as well. The bullish momentum of the bitcoin is currently quite impulsive and non-volatile for which no deeper pullbacks along the way was observed and it is expected to lead to $8,000-8,500 resistance area with ease in the coming days. As of the current scenario, price remaining over $6,000-6,500 support area with a daily close is expected to incourage a further bullish bias in the market.
SUPPORT: 6000, 6500
RESISTANCE: 7500, 8000, 10000
BIAS: BULLISH
MOMENTUM: NON-VOLATILE
