Bitcoin is still struggling to gain consistent bullish momentum while residing below $6,500 area. The price has created Bullish Divergences back to back but it still failed to move impulsively higher even towards $6,500 area. The Kumo Cloud is currently thickening as resistance whereas the dynamic levels like 20 EMA, Tenkan and Kijun line is working as resistance for the price to move lower. As of the current scenario, having certain bearish rejections alongside the Bullish Divergence, there are still certain possibility for the price to move higher towards $6,500 and if it is taken out with a daily close, further bullish momentum is expected in the coming days with a target towards $7,500 and later towards $8,000 in future.
SUPPORT: 6,000
RESISTANCE: 6,500, 7,500
BIAS: BULLISH
MOMENTUM: VOLATILE
