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Bitcoin analysis

Now bitcoin is defending rising trendline amid ascending MAs (50,100).i think there is scope for a test of rising channel hurdle of $7,240. Showing reversal RSI if bitcoin price breaks 7.1k it signals a breakout, could test the previous high of 8.4k. I Don't see that coming unless we see a 6k again.Bitcoin gaining some bullish traction last half hour or so after taking a hit and wicking down just below the charted support line.

Target Bottom
$6,800 - $6,825
Range
Stop Loss
$6,990
+bearish flag pattern still in play
+MACD histogram uptick & crossover
+Stoch rsi climbing still
+RSI HH & HL

We are fast approaching that resistance level as well as the 200MA, a break would be very bullish.BTC looks garbage, set lower highs, and hasn't broken previous 7148, the last major resistance level.

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Disclaimer: invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses.