The price is really close to the yearly descending channel resistance with the actual CME gap above. This could be a perfect gap closing with the breakout, next possible resistance is $7500-$7800 region. Globally it would mean a new bullish cycle, new market phase.
However, if the price dumps hard after the gap closing, this will be a nasty deviation which can send us back to $4k. In a nutshell, next week is really important for BTC, fingers crossed 🤞
However, if the price dumps hard after the gap closing, this will be a nasty deviation which can send us back to $4k. In a nutshell, next week is really important for BTC, fingers crossed 🤞
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Disclaimer
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